I just read that the OKEx exchange announced the arrival of four stablecoins on the trading platform. These added currencies: TrueUSD (TUSD), USDCoin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX).

More precisely:The stablecoins, as we know, represent an attempt to exploit the benefits of cryptocurrencies – a form of value that can be digitally transferred – combining them with the stability of the mainstream currencies and trusting them.

1. TUSD, USDC, GUSD, PAX deposit – 5.00pm, Oct 15th (HKT)

2. TUSD / BTC, USDC / BTC, GUSD / BTC, PAX / BTC spot trading – 2:00 pm, Oct 16 (HKT)

3. TUSD / USDT, USDC / USDT, GUSD / USDT, PAX / USDT spot trading – 2:00 pm, Oct 16 (HKT)

4. TUSD, USDC, GUSD, PAX withdrawal – 17:00, Oct 16 (HKT)

Where HKT is Hong Kong time, about 6 hours later than the European time. By the time you read all the currencies, they should already be tradable.

Tether is available on OKEx from December 2017, but given the problems that have emerged in recent months it is important that the main exchanges offer users more possibilities. I refer to the lack of transparency of Tether LLC which has not yet proved that it has the actual reserve in dollars of its Tether. Moreover, as you know, Tether was the protagonist of an unusual collapse and an important sell-off yesterday, reaching the lowest value from 18 months to today (0.925284 $).

OKEx, however, has not issued statements against Tether (unlike, for example, the exchange Digifinex whose co-founder, after announcing the listing of TrueUSD, expressly stated not to believe in Tether). At the time of writing OKEx is the fifth largest exchange for volumes traded in Bitcoin and the third largest in terms of tether volumes, according to CoinMarketCap.

Finally, I would also add that the FCoin exchange has started to accept deposits for TrueUSD (TUSD), USDCoin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX). Trading will be possible soon (an official date has not been announced).

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