Bitfinex, Ethfinex Add Four More USD-Backed Stablecoins

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Cryptocurrency exchange Bitfinex and its spin-off Ethfinex have added support for four new major USD-backed stablecoins, according to an blog post published Dec. 4.

Per the announcement, both exchanges have introduced stablecoins USDC, True USD (TUSD), Paxos (PAX) and the Gemini dollar (GUSD) in a bid to keep the platforms “agnostic.” The four new stablecoins join the already supported Ethereum-backed coin DAI and the industry stalwart, Tether (USDT), all to be traded against USD.

Explaining the move as an effort to provide an “unbiased meeting place” for crypto traders, the exchanges note that deposits and withdrawals for the newly added stablecoins are limited to verified traders within their platforms, while trading verification status does not affect trading.

The move follows

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