The OKEx cryptocurrency exchange has added four dollar-backed stablecoins to its trading platform. None of them is tether (USDT), which has gotten more than its share of bad press recently.
The exchange said in a support notice it will list TrustToken’s TrueUSD (TUSD), Circle’s USDCoin (USDC), the Gemini Dollar (GUSD) from the Winklevoss-founded New York exchange and Paxos Standard Token (PAX).
With the price of tether falling, offering similar options to keep traders trading makes sense for the third-largest exchange by volume for tether, according to data from CoinMarketCap. Read more here.