Tether is experiencing an unprecedented challenge to its status as undisputed stablecoin market lodestar.
With over 50 active stablecoin projects emerging around the world and even more set to debut in the weeks and months to come, these are fraught times for the stablecoin founded in 2014, as the market explores alternatives to USDT amid suspicions of overstated US Dollar reserves and lack of transparency. CCN recently reported that four stablecoins were added to OKEx and Huobi namely, Paxos Standard Token (PAX), Gemini Dollar (GUSD), TrustToken’s True USD (TUSD) and Circle’s USD Coin (USDC).
https://www.ccn.com/paxos-standard-emerges-as-early-leader-in-stablecoin-sprint/
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