Stablecoins Gone Wild

The Gemini dollar (GUSD) soared above $1 to a high of $1.19 Tuesday, just a day after competing stablecoin Tether (USDT) dropped to an 18-month low.Crypto exchange Bitfinex announced a new process for depositing fiat currency, a move that came after the platform halted the service in recent days.Singapore-based crypto exchange Huobi will list 4 US dollar-pegged coins some time this week.A new startup called the Paradigm Foundation has secured $1 million in equity seed as it hopes to unite all the decentralized exchanges in a single order book.

Late Confirmation is a CoinDesk production made in collaboration with The Podglomerate.

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