Crypto Exchange Seed CX Adds Support for Three Stablecoins

Chicago-based crypto exchange Seed CX has announced support for stablecoins Paxos (PAX), USD Coin (USDC), and TrueUSD (TUSD) in a press release on May 14.
The new stablecoin additions can be traded for U.S. dollars starting May 17, and the exchange is aiming to roll out trading pairs between the stablecoins and other fiat currencies such as the euro in the near future. Seed CX CEO Edward Woodford commented on the impetus to add stablecoin options:

“Stablecoins are important in the ecosystem as they increase the velocity of movement of fiat equivalent

This post is an exerpt of an original post published on Bitcoinchannel. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.