A new wave of dollar-backed stablecoins are beginning to hit high-volume cryptocurrency exchanges, with early signs that traders may trust them more than Tether (USDT). New dollar-backed cryptocurrencies vie for Tether's title. As CCN reported, cryptocurrency firms Gemini, Paxos, and Circle recently launched asset-backed "stablecoins," or cryptocurrency tokens.
“A new generation of ‘regulated’ stablecoins trade at a premium, outperforming Tether”
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