The Alternative Stablecoins Are Coming for Tether
As soon BCH hash wars have come to an end, there seems to be a new one coming: between Tether (USDT) and other digital coins pegged to fiat currencies. A major crypto exchange Bitfinex has added 5 new stablecoins to its listing. Earlier, when Tether was the only stablecoin available on the platform, and the commission fees for it were ridiculously high. Now that the listing is full of competitors (namely, True USD, Gemini Dollar, Paxos Standard, Dai and USDC), Tether developers might want to think of a new fee policy. The representatives of Bitfinex claim:
At Bitfinex we are dedicated to providing a high quality, unbiased meeting place for every ecosystem and customer. We were the first to introduce alternative stablecoins onto our platform.
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