Huobi's US Exchange Sees 30% Boost in Trading for Tether Alternative
A U.S. cryptocurrency exchange is reporting a significant increase in trades between tether, the controversial stablecoin that lost its dollar peg this week, and a newer alternative called TrueUSD. At HBUS, the U.S. affiliate of the Singapore-based Huobi exchange, both deposits and withdrawals of USDT "Have increased by over 10x over the last two days," a company spokesperson told CoinDesk.
Malta-Based OKEx Lists Four Stablecoins
At the time of the announcement, OKEx was the fifth-largest Bitcoin exchange by volume and the third-largest exchange in terms of Tether volume.
A Top-20 Crypto Exchange Is Replacing Tether With a Rival Stablecoin
A top-20 exchange is phasing out an embattled cryptocurrency.