Bittrex Adds Tether Competitor TrueUSD as Regulation Rumors Persist | News – Bitcoin News


As the saying goes, don’t keep all your stablecoins in one basket. Over-reliance on tethers could prove costly to an exchange such as Bittrex if U.S. regulators were to crack down on the controversial stablecoin. This week, Bittrex added a second stablecoin in the form Trueusd, in a move seen as a hedge against future Tether regulation.

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Bittrex Expands its Stable of Dollar Coins

Following months of inactivity, Bittrex has resumed listing new coins and tokens at the rate of about one a week. This week’s addition was an unusual one however. Unlike other coins, Trueusd (TUSD) wasn’t already widely available elsewhere. In fact, Bittrex is only the second exchange to list the stablecoin after Upbit. In the last 24 hours, $2.3 million of TUSD has been traded on the Bittrex, accounting for 56% of the dollar-pegged coin’s overall volume.

Bittrex Adds Tether Competitor TrueUSD as Regulation Rumors Persist

With $29 million of USDT traded on Bittrex in the same period, tether
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