4 New Stablecoins Available for Trade on Bitfinex, Ethfinex

Cryptocurrency traders can now choose to transact with six of the biggest stablecoins on the Bitfinex exchange platform and its Ethereum spinoff Ethfinex.

On December 4, Bitfinex revealed that it made available four stablecoins—USD Coin (USDC), True USD (TUSD), Paxos Standard Token (PAX), and Gemini Dollar (GUSD)—to be traded against the fiat US dollar.

By listing four more stablecoins, Bitfinex aims that its platform—and Ethfinex—will be an “unbiased meeting place for every ecosystem and customer.”

Apart from the Ethereum-based Dai (DAI), only Tether (USDT) was available on the exchange prior to this development.

Both companies behind Bitfinex and Tether have the same chief executive officer, Jan Ludovicus van der Verde.

Paolo Ardonio, chief technology officer at Bitfinex, stated:

“More transparency and equal/agnostic support for all the major stablecoins. The steps that Bitfinex is making to offer a better service to its users are truly amazing.”

Each of the stablecoins will be paired with USD on both exchanges. However, as of the moment, deposits and withdrawals for the four newly added stablecoins are available only for verified Bitfinex and Ethfinex traders.

Earlier, online crypto news outlets reported rumors suggesting that both Bitfinex and Tether will be probed for their possible involvement in the alleged Bitcoin (BTC) pumping from at least a year ago. CEO van der Verde denied the allegations.

| Related: Bitfinex, Tether Allegedly Probed as US Investigation into BTC Pump Continues