Huobi to add four stablecoins

Posted 16 October, 2018

One of the leading crypto trading platforms – Huobi Group – is going to add four USD-backed digital coins this week. At the same time, the company does not plan to stop supporting Tether taking into account the recent events connected with this asset.

The company stated Tuesday that it would list TrustToken's TUSD, Circle's  USDC, Gemini's GUSD and Paxos' PAX. 

"Deposits of stablecoins Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC) and Gemini Dollar (GUSD) will be available on Huobi Global from October 19, 2018 (GMT+8). We’ll announce the start time and details based on market conditions at a later date," the press release reads.

As for Teather, the spokesperson of the Huobi Group commented that the platform would not take any measures to limit trading of Teather which is among the largest stablecoins in the market for now. And the company decided to add new stablecoins striving to provide clients with more trading options.

However, Huobi also welcomes institutional investors and OTC traders to join this segment citing generally small stablecoin market cap for now. 

It worth mentioning that yesterday Hong Kong's OKEx reported about stablecion listing in the near term.

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17 October, 2018 11:13

← Bithumb inaugurates decentralized exchange

Bithumb, top-2 crypto exchange in South Korea, inaugurated its new decentralized platform on October 15. The grand opening is followed by free transaction-fee period and airdrop. Trading will be commission-free for one month. However, they will have to pay the fee for the Ethereum network. The commission-free period is said to be October 15-November 15. The decentralized trading platform Bithumb DEX is based on R1 protocol and was developed in cooperation with ONEROOT. In general, such exchanges are believed to provide higher security level as compared to the centralized ones, as all funds are kept in smart contracts and managed by the users. Bithumb also plans an airdrop of 500 ETH ($100,000). The event is slated to last 15 days beginning from October 15.

Bithumb inaugurates decentralized exchange

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16 October, 2018 16:00

Sterling gets stronger on Tuesday trading →

The sterling has soared to the peak on Tuesday trading session driven by the released salary report in the UK. According to the available data, the salary rise posted the highest pace over the past 10 years in the country. This definitely leads to a better outlook for UK's economy. The sterling-to-US dollar hiked to 1.3212 today. The euro also weakened against the British currency reaching some 0.8766. For reference, the rate was at 0.8788 before the report. The UK Office for National Statistics reported that an average salary level without bonuses increased by 3.1% y-o-y in June-August. At the same time, the level with bonuses went up b 2.7% in August, the highest level since February, while the forecast was voiced at 2.6%.

Sterling gets stronger on Tuesday trading
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