Huobi Global is set to list four new stablecoins, namely Paxos Standard (PAX), Gemini Dollar (GUSD), TrueUSD (TUSD), and USDCoin (USDC) later this week. In an announcement on its website, the cryptocurrency exchange revealed that the four new assets will go live on Oct. 19.
Huobi’s New Listings
PAX, a newly launched digital asset is dollar-pegged, issued by Paxos Trust, and regulated by the New York State Department of Financial Services. Participants are able to trade with USD-endorsed and USD-denominated assets under the supervision of the NYSDFS.
GUSD, which claims to be the worlds’ first regulated stablecoin, was issued recently by the Cameron and Tyler Winklevoss-owned Gemini exchange, also under NYDFS supervision. As with most other major fiat stablecoins, each GUSD token is backed by $1.00 in hard currency.
TUSD is a collateralized, dollar-backed stablecoin trusted by multiple banking partners, while Circle’s USDC token allows eligible financial institutions join through its open membership, and it offers financial solutions that seek to resolve current crypto market problems.
https://www.ccn.com/huobi-lists-four-regulated-stablecoins-vying-for-tethers-crown/