COBINHOOD lists 4 stable coins including GUSD, DAI, PAX and TUSD

COBINHOOD, a cryptocurrency service platform and exchange, today announced the addition of four (4) stable coins on its exchange: the Gemini Dollar (GUSD), MakerDao (DAI), Paxos Standard Token (PAX) and TrueUSD (TUSD). Each of these stablecoins have a unique set of features that achieve same end result: increased market stability and user flexibility.

Standard crypto assets can be highly volatile, often depreciating or appreciating in value 20-30 percent in a matter of hours. Stablecoins exist to remove this market unpredictability as these types of tokens are pegged to fiat currency like USD, EUR, CNY or JPY and sometimes even gold or oil.

The distinctive characteristics of each added token include:

[perfectpullquote align=”full” bordertop=”false” cite=”COBINHOOD Co-Founder Wei-Ning Huang” link=”” color=”” class=”” size=””]”The biggest flaw in the market right now is uncontrolled fluctuations in the value of many customary cryptocurrencies. We are increasing the presence of stablecoins on the COBINHOOD exchange so the community understands that their voices have been heard and stability is being made possible. Our mission is to make the space more approachable for anyone who wants to participate.”[/perfectpullquote]

Exit mobile version