Phillip Potter, co-founder of Tether (USDT) and former Chief Strategy Officer of affiliate crypto exchange Bitfinex, has joined the advisory board of a new stablecoin clearing house project, Stablehouse.io. The news was shared with Cointelegraph in a press release on Feb. 5.

Stablehouse.io, currently under development by crypto finance company XBTO, aims to act as a central clearing counterparty (CCP) for stablecoins — a type of crypto asset designed to experience less price volatility, either by being notionally fiat-collateralized or via an algorithmic peg.

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