Liquid Lists Electroneum (ETN) and Multiple Stablecoins
According to previous announcements, stablecoins including Gemini Dollar (GUSD) and Circle’s USDC are now available for trading on the Liquid platform. The additions are in an apparent effort to bring further transparency to the platform.
“The Gemini dollar is an obvious choice for Liquid. Both Liquid and Gemini put transparency, regulation and compliance at the forefront of our operations. We are proud and honoured to be able to offer Liquid customers the opportunity to use a stablecoin that can stand up to regulatory scrutiny. We will now explore the opportunity to develop a JPY-pegged stablecoin,” said Liquid CEO Mike Kayamori.
More recently, Liquid announced the listing of ETN with an EUR fiat trading pair, and the exchange plans to quickly bring a USD trading pair to the market.
Electroneum aims to build itself into a recognized platform for payment, similar to PayPal or Venmo. To accomplish this, the Electroneum has introduced a new system of KYC that “involves each user providing proof of identification based on the amount of ETN (our digital currency) they hold or send from their wallets.”
Liquid is a product of QUOINE, a blockchain fintech company and creator of the QASH cryptocurrency. QUOINE previously raised $100 million via an ICO in 2017 and has conducted more than $50 billion in transactions over the past year, as of July.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.