Cryptocurrency Exchange OKEx Simultaneously Lists 4 Stablecoins
OKEx has added support for four stablecoins, including TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX). According to the schedule mentioned in the statement, the stablecoins have become available for deposits today, at 05:00 PM on Hong Kong Time (HKG), with a number of crypto trading pairs. Withdrawal will be available starting tomorrow, Oct.16.
TrueUSD is the second stablecoin that has been introduced following the launch of controversial stablecoin Tether (USDT), which is backed by the U.S. dollar on a 1:1 proportion. Both listed on major cryptocurrency exchanges like Binance, Bitfinex, OKEx, Huobi and HitBTC, the stablecoins are deployed on the Omni and Ethereum blockchain networks.