IDEX adds support for USD Coin (USDC) and TrueUSD (TUSD) stablecoins
Popular decentralized exchange IDEX today announced the addition of Circle’s USD Coin (USDC) and TrustToken’s TrueUSD (TUSD) stablecoin trading pairs. Supported trading pairs currently include:
USDC
ETH/USDC
AURA/USDC
TUSD
ETH/TUSD
AURA/TUSD
USD Coin (USDC) – Pegged to the US Dollar (USD), Circle Internet Financial recently launched USDC, a fully-collateralized stablecoin that provides detailed financial and operational transparency, strictly operating within the regulated framework of US money transmission laws. It is the first fiat stablecoin developed by CENTRE — an open source project and membership organization, with Circle being the first of several members to launch USDC issuance.
TrueUSD (TUSD) – TrustToken’s TrueUSD is another stablecoin asset pegged to the US Dollar. TUSD offers token-holders full collateral, regular attestations of escrowed balances, and legal protections against misappropriation of underlying USD.
“We are excited to offer Circle’s USDC and TrustToken’s TUSD as a base currencies on IDEX. This not only provides users more streamlined fiat on-ramps, but also the ability to exercise a brand new set of trading strategies that avoid the volatility inherent to ETH and similar digital assets. IDEX will continue to explore adding more stablecoin base currencies in the near future. Happy trading.”
