Deposits of stablecoins Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC) and Gemini Dollar (GUSD) will be available on Huobi Global from October 19, 2018 (GMT+8). We’ll announce the start time and details based on market conditions at a later date.
We encourage Institutional traders, acceptance dealers, and OTC market makers to contact us at [email protected] with the subject line “Stablecoin Cooperation” for assistance.
We have the following support for these stablecoins:-
1. PAX, TUSD, USDC and GUSD are already available in Huobi Wallet.
2. Huobi OTC will release detailed plans for stablecoins soon.
An introduction of stablecoins:
1. Paxos Standard Token (PAX)
Issued by Paxos Trust Company and regulated by the New York State Department of Financial Services, Paxos Standard Token is a brand new digital asset which is fully collateralized by and redeemable one-to-one with USD. Paxos Standard will allow the participants who leverages advantages of the blockchain technology to trade with USD-endorsed and USD-denominated assets under the supervision of financial regulators.
2. TrueUSD (TUSD)
TrueUSD is a stablecoin backed by USD. Collateralized by USD, it can be exchanged with and trusted by multiple banking partners in legally protected escrow accounts.
3. USDCoin (USDC):
USDC is a U.S. dollar-backed stablecoin issued by Circle and powered by CENTRE's open-source framework.
USDC offers solutions with detailed financial and operational transparency and resolves the problems that exist in the current crypto market. It is operated within the regulated framework of U.S. money transmission laws with established banking partners and auditors. On the basis of open membership, any eligible financial institutions can join USDC. Click the official website of USDC to learn more: https://www.centre.io/
4. Gemini Dollar (GUSD):
Issued by a U.S. digital asset exchange Gemini, the Gemini Dollar is the world's first regulated stablecoin approved by U.S. regulators. 1 GUSD = $1.
The Gemini Dollar combines the creditworthiness and price stability of the U.S. Dollar with cryptocurrency technology and the oversight of U.S. regulars. As an ERC-20 token, the Gemini Dollar can be transferred on Ethereum network.
Gemini dollars are created at the time of withdrawal from the Gemini platform and redeemed or “destroyed” at the time of deposit into the Gemini platform. Click the official website of GUSD to learn more: https://gemini.com/dollar/
October 16, 2018