Ex-Tether Top Manager to Launch Stablecoin Clearinghouse

Stablehouse.io will help to exchange stablecoins at a liquid market price with a fixed fee
06 February 2019   294

The XBTO crypto-financial platform together with ex-Bitfinex and Tether manager Philip Potter are working on creating a clearing service for stablecoins, Stablehouse.io. It is reported by CoinDesk.

The service will allow to exchange stablecoins at a liquid market price with a fixed commission. USDT, GUSD, PAX, TUSD, USDC and DAI will be supported.

The stablecoin market at the moment is inefficient and has various disparate stablecoins, with users needing to transact several times with different parties to exchange one stablecoin for another. Stablehouse will address this by serving as a centralized platform that gives issuers, holders and exchanges certainty over access and liquidity, creating enhanced confidence for investors, developers and merchants.
 

Philippe Bekhazi
Founder, XBTO

Together with him, David Namdar, a founding partner of Galaxy Digital and SolidX Partners, will join the advisory board of the company, as well as the lead strategist of Blockstream Samson Moe.

In the near future, the founders of Stablehouse intend to obtain a license from the Bermuda Monetary Authority.

Tether to Issue TRON Blockchain Based USDT Tokens

At the moment, a number of large platforms, including Bitfinex, OKEx, Gate.io and Huobi, have announced their readiness to list new token
18 April 2019   131

Issuer of Tether began to issue USDT coins based on the Tron blockchain. This is reported by the head of the Tron Foundation Justin Sun announced on Twitter.

He also urged the exchanges and cryptowallets to support the initiative. A number of large platforms, including Bitfinex, OKEx, Gate.io and Huobi, have announced their readiness to list new asset.

In addition, as Justin Sun said, the first investors will receive a reward for converting USDT on Bitcoin or Ethereum blockchains in the TRC-20 standard USDT - 20 million USDT will be distributed as additional interest payments within 100 days.

Tether and Tron announced a partnership in early March. As Tether CEO Jean-Louis van der Velde said at the time, Tron-USDT will be the next step in the company's development and demonstrates its commitment to spreading innovation in the cryptocurrency space and striving to meet the needs of the community formed around digital assets.