Stablecoins are becoming more and more popular, with jurisdictions even permitting them as legal tender. The whole stablecoin scene kicked off when Tether launched back in 2017, and since then the stablecoin industry now comprises of more than 50 US Dollar stablecoins alone. USDDEX has thrown its hat into the ring with its new ERC-20 USD pegged stablecoin and it’s giving investors a 45% bonus when they buy USDDEX in the latest public sale. According to its website, USDDEX will be live and tradeable on popular exchanges before the middle of April.
Fully Audited and Funded
In what is a very obvious jab at Tether, USDDEX has an A++ security audit rating which is available from its website, along with a full report of the funds kept in storage to keep the USDDEX pegged to the USD at a vale of 1:1. Tether has struggled with proving its ability to be fully funded, and has recently changed its wording to cover its tracks. Fortunately, USDDEX is fully regulated by the Japanese Financial Services Authority (JFSA), meaning you can rest assured knowing that USDDEX isn’t a scam like Tether.
Stored in Any ERC-20 Wallet
A lot of stablecoins out there need to either be kept on a crypto exchange or in a specific wallet. However, USDDEX is built using the ERC-20 framework, meaning it can be stored in any wallet that supports ERC-20 tokens. On top of this, it will be available to be traded on a number of top decentralized crypto exchanges, including HitBTC, ETHFINEX, DDEX, Bancor, ShapeShift, BitMart and ForkDelta. Trading is hoped to be completely live before April 15th, but it’s likely to happen a couple of days – if not weeks – before the stipulated date.
BitGo Supporting More Stablecoins
BitGo is one of the world’s most popular crypto custodial solutions, and it has been slowly ramping up its stablecoin offering. Most recently it added support for Universal Protocol Alliance Stablecoins, meaning that virtually any stablecoin on the market can now be held with BitGo. Custodial solutions like BitGo are helping exchanges stay compliant as well as keeping trader’s crypto safe and secure.
Spending Stablecoins in Stores
Texas has been leading the way in creating regulations that will enable vendors to accept stablecoins as a legitimate form of payment. Seeing as stablecoins are pegged 1:1 with the dollar – or any other fiat currency for that matter – legislators see no reason why USD stablecoins can’t be accepted. Texas hasn’t announced a date for the bill’s hearing, but we are likely to see it assessed before the end of the year.
USDDEX is helping to break down barriers in the crypto world, and this bonus of 45% on any stablecoins you buy means instant profit. Hurry though, the 45% bonus sale is a limited time offer and runs out soon! Fill your boots before time runs out.