Gemini Dollar, TrueUSD, USDC, and PAX Surge Above Parity With USD as USDT Struggles

in #cryptocurrency • 6 years ago

Tether (USDT), the #1 stablecoin with a market cap in excess of USD 2 billion, has been struggling recently due to banking problems at Bitfinex, and its price has dropped below parity with the USD. Simultaneously other stablecoins including the Gemini Dollar (USDG), True USD (TUSD), USD//Coin (USDC), and Paxos Standard Token (PAX) have surged above parity with the USD, indicating that people are exchanging their USDT for other stablecoins.

Read the full article at https://bitcoinnews.com/gemini-dollar-trueusd-usdc-and-pax-surge-above-parity-with-usd-as-usdt-struggles/

6 years ago in #cryptocurrency by
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