OKEx Crypto Exchange Lists New Stablecoins: TUSD, USDC, GUSD and PAX

OKEx Lists 4 New Stablecoins

Are stablecoins the trend of the moment? It looks like they might be. OKEx, a crypto exchange based in Hong Kong, has recently announced that it would list a total of 4 new dollar-pegged stablecoins on its platform, which can lead us to believe that there is a trend going on. Three of the new tokens were released in September and one was released in March.

The new additions will be made at the beginning of this week and they will be:

• TrustToken’s TrueUSD (TUSD);
• Circle’s USDCoin (USDC);
• Paxos Standard Token (PAX);
• Gemini Dollar (GUSD).

This release comes as the controversies surrounding Tether USD (USDT) only seem to be growing up, as some exchanges decided to drop it because now there are other alternatives. The situation for Tether is getting tense as many people do not believe in the company because it lacks the necessary transparency for the market and it is surrounded by rumors.

According to OKEx, the firm will start accepting deposits for the new stablecoins from 9 am UTC with spot trading in pairs against Bitcoin and Tether to start Tuesday 6 am UTC. Withdrawals are to start an hour later.

In similar news, FCoin has stated that it would add the same tokens to the platform. However, the announcement did not have a solid timeline, so it looks like the company might be interested in launching it more into the future.