Singapore-based crypto exchange Huobi, currently the fourth-largest by trading volume, said in a statement on Tuesday it would open deposits and withdrawals for four US dollar-pegged stablecoins: Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC) and Gemini Dollar (GUSD).

The cryptocurrencies, collateralized 1:1 by the US dollar, are already available on Huobi Wallet, while support on the Huobi Global trading platform will be launched on Friday (October 19). The exchange said it would provide detailed plans for over-the-counter (OTC) trading of the stablecoins on Huobi OTC “soon.”

The news has failed to boost the prices of the fiat-backed coins. PAX, TUSD, and USDC all traded lower on Tuesday. At the time of wr…

This article appeared first on Cryptovest

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