The Digifinex cryptocurrency exchange is replacing the tether (USDT),  stablecoin with a rival, TrustToken’s TrueUSD (TUSD). Tether and TrueUSD are designed to hold a constant value against the dollar.

CoinDesk notes that Singapore-based Digifinex is the 16th largest exchange by trading volume, citing data from CoinMarketCap.

Kiana Shek, Digifinex’s co-founder, told CoinDesk she’d been “looking for ways to get rid” of tether for months, adding, “I simply don’t believe in tether but I had no choice” but to list it.

Tether had no comment. In the past, it has said that each of its coins is backed by a dollar held in reserve, but multiple observers have challenged this claim. Read more here.

ThirtyK Staff
If you would like to contact the ThirtyK News Brief team, please email us at