- HTX launches USDQ and EURQ stablecoins, expanding offerings.
- Trading begins at 09:00 UTC today.
- Potential impact on existing stablecoin markets.
HTX (formerly Huobi) has launched trading for USDQ and EURQ tokens at 09:00 UTC today. The stablecoins, pegged to the US Dollar and Euro, provide new trading options on the HTX exchange.
The launch of USDQ and EURQ on HTX provides traders alternatives in the stablecoin market, influencing trading dynamics and potentially affecting existing USD- and EUR-pegged tokens.
HTX, founded by Leon Li in 2013, rebranded in 2023, launches USDQ and EURQ trading today. These stablecoins are pegged to the US Dollar and Euro, respectively. Token deposit periods opened earlier today.
“HTX has established itself as a leading cryptocurrency exchange serving over 45 million users across more than 160 countries.” — Leon Li, Founder, HTX
These actions solidify HTX’s position in the industry with over 45 million users worldwide. Today’s launch follows a pattern seen with previous token listings, aligning with its roadmap.
Traders on HTX now access diversified stablecoins, enhancing market opportunities. The introduction of USDQ and EURQ expands the available 700+ cryptocurrencies on the platform.
Daily trading volumes at HTX exceed $4 billion, highlighting its vast influence. The stablecoin market could experience shifts, offering new opportunities and challenges.
Historically, HTX’s listings, like Pi Network in 2022, showed keen oversight on network stability. The approach is consistent with the standard process of safe trading and withdrawals.
HTX’s strategic moves bolster its roadmap, expanding asset offerings. There’s an estimated upsurge in trading volume across its vast user base, potentially capturing the interest of stablecoin investors.
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