BitForex is about to reach another milestone in its already successful local and global operations. It is very close to adopting and list a brand new Stablecoin which will be born sometime during the next two weeks. The new Stablecoin will be pegged to U.S. Dollars, like USDT’s, already available on BitForex.com. The main difference between the soon-to-be-launched new Stablecoin and USDT is that the first one is going to be the ‘first representation of the U.S. dollars which will be trusted and regulated in the United States’, based on its parents’ (issuer’s) own words.
The new cryptocurrency is being conceived on the Ethereum Network and will be strictly pegged 1:1 to the U.S. dollar. It will be launched by the most regulated trading platforms in the United States, if not the most regulated in the world. This is good news to the global crypto community!
By having the new Stablecoin listed on BitForex, both companies will be facilitating broader trading activities and trading possibilities among their users in the U.S. and globally. That’s because users will be able to register an account on the Stablecoin issuer’s platform and purchase/exchange their U.S. dollars to the new coin. Then, users will be able to transfer the new cryptocurrency to their account on BitForex.com, and trade on other coins or tokens. Whenever users in the U.S. are ready to withdraw their funds from BitForex, all they have to do is transfer the assets to the Stablecoin issuer’s platform (where they should have an account too) and proceed with the withdrawal, or just continue trading on there. BitForex’s users will benefit a lot for having firsthand the new first regulated Stablecoin available on BitForex and for being able to perform the same transactions just mentioned in this paragraph.
It is a win-win situation. Or I must say win-win-win situation (BitForex – Stablecoin Issuer – Users). Everyone will benefit from this launching followed by immediate adoption by BitForex. As soon as the new coin is listed on BitForex, the same will be made tradable against other main coins and tokens. Overtime, based on market requirements and reaction, other trading pairs will be created.
This is just one of the several good news BitForex will announce still this year. Other than this amazing partnership with the American trading platform, BitForex will be launching a new product, which will enhance its users trading experience considerably. You may expect announcements on new products and services from July on. To stay up-to-date, join BitForex’s Telegram account.
BitForex has shown unprecedent growth in the competitive market of Exchanges. It is soon to be on the list of top ten crypto-asset trading platforms in the world. Our mysterious partner (who do you think it is?) is based in the most popular American state. I would dare to say that they have built a truly successful family business. They’re individuals that have been in the spotlights several times and for many different reason, for a very long time. This credibility, their experience and success in the crypto-world followed by their extensive list of achievements and partnership with BitForex is what is going to make the launching of their new Stablecoin another unprecedent success in this crypto-world.
What trading pairs for the new coin would you like to see as the first 5 on BitForex? Who do you think the mysterious partner is?
By: Daniel Rufini
25th June, 2018
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