Stablecoins Gone Wild
The Gemini dollar (GUSD) soared above $1 to a high of $1.19 Tuesday, just a day after competing stablecoin Tether (USDT) dropped to an 18-month low. Crypto exchange Bitfinex announced a new process for depositing fiat currency, a move that came after the platform halted the service in recent days. Singapore-based crypto exchange Huobi will list 4 US dollar-pegged coins some time this week. A new startup called the Paradigm Foundation has secured $1 million in equity seed as it hopes to unite all the decentralized exchanges in a single order book. Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate. For more information, visit www.CoinDesk.com
