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Mar 12 - GBX-DAX To List Stablecoins PAX, DAI, TUSD, USD Coin And GUSD For Trading

12 March 2019

The Gibraltar Blockchain Exchange (GBX) has announced the addition of five stablecoins to its Digital Asset Exchange (GBX-DAX).

Paxos (PAX), Maker (DAI), TrustToken (TUSD), USD Coin (USDC), and Gemini dollar (GUSD) will be available for live trading on the GBX-DAX from Wednesday, March 13th.

With the five stablecoins available for live trading on the GBX-DAX from Wednesday, March 13th, the option to deposit stablecoins in users’ GBX-DAX accounts is now available.

A spokesperson said: "The GBX will offer users 30 days fee-free trading for stablecoins listed on the GBX-DAX, starting on Wednesday, March 13th, and concluding on Thursday, April 11th. Each of the five stablecoins will be paired against ETH, BTC, and USD fiat currency.

"Since obtaining a full DLT Licence from the Gibraltar Financial Services Commission (GFSC) in November 2018, the GBX-DAX became the first regulated and insured Digital Asset Exchange to be owned by a traditional stock exchange, the Gibraltar Stock Exchange (GSX).

"Users of the GBX-DAX have access to a growing catalogue of high profile digital assets and have the opportunity to participate in the token economy in an environment built upon the good governance and best practices brought over from the EU-regulated GSX."

Nick Cowan, Managing Director and Founder of the GSX (Gibraltar Stock Exchange) Group Limited said: “Adding five stablecoins is another landmark statement of intent for the GBX as we continue to extend the landscape of blockchain-powered trading to the world. Stablecoins provide an attractive proposition to market participants who want to harness blockchain technology to transact in familiar, more accessible currencies and assets, and I’m excited to introduce these new trading options to our growing community.

“2019 has already been a banner year for the GBX. We have ramped up efforts to provide our community with the most progressive and dynamic trading experience possible. With an extensive token listing campaign still ongoing, coupled with today’s addition of five new stablecoins, we are accelerating our efforts to facilitate mass adoption of a tokenised global economy. Attracting PAX, DAI, TUSD, USD Coin, and GUSD to our exchange is a firm vote of confidence for our exchange, and builds on the strong wave of momentum we’ve been experiencing since the turn of the year.”



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