Huobi, the Singapore-based cryptocurrency exchange, has just launched a solution that enables users to switch between different types of fiat-pegged cryptocurrencies, or stablecoins, in event of market fluctuations.
Binance, the world's largest cryptocurrency exchange by adjusted volume, is actively looking to list more stablecoins in addition to the three it already supports, including the recently beleaguered tether (USDT).
Huobi has announced it will list four U.S. dollar-pegged cryptocurrencies this week, making it the latest major exchange to do so in wake of recent issues surrounding the tether cryptocurrency. In an announcement Tuesday, the Singapore-based exchange – currently, the fourth-largest by trading volume – said it will open deposits and withdrawals for TrustToken's TUSD, Circle's USDC, and ...
Interest in stablecoins peaked in September, but will the trend continue? Stablecoins are not exempt from the "impossible trinity" theory of currency, and the question remains: will they too become a bubble?