Sunday, January 24, 2021

DigiByte (DGB) Listed on CoinDeal Exchange

Digibyte (DGB), the 59th largest cryptocurrency by market capitalization has got a new means for expansion and liquidity as the digital currency exchange, CoinDeal recently announced the listing of the digital token on its trading platform.

The cryptocurrency exchange CoinDeal shared this with the crypto community on 15th January 2020. According to the message shared by the exchange, users can now trade the pair of DGB/BTC on the trading platform.

CoinDeal said, “Digibyte joins our exchange DigiByte Coin is based on a significantly modified Bitcoin source code. The DGB was created by programmer Jared Tate, who wanted to develop faster and more accessible crypto than BTC. You can trade DGB/BTC now!”

This recent listing will be a big complement to the discreet action taken by Poloniex exchange in late December against Digibyte (DGB). The action was purportedly taken due to the influence and the interest of the founder and CEO of Tron, Justin Sun.

Jared Tate Hints about the Underway DGB-Backed Stablecoin

The creator of DigiByte (DGB), Jared Tate, has a couple of days ago hinted about the underway DGB-backed stablecoin. His preference for proposing to create the stablecoin somewhat considerable.

According to Jared, it has to do with the price instability, or better still, high price volatility of the majority of the digital currencies in the market, which he said makes digital tokens such as Bitcoin (BTC), Ethereum (ETH, Litecoin (LTC), and the coin he created, Digibyte (DGB) better as stores of value rather than for transactional purposes.

He said, “The irony of Bitcoin DigiByte & Litecoin is while they are mathematically finite many crypto conferences won’t accept them as payment because of volatility. They work much better as a store of value than transactional currencies. 2020 is the year of the decentralized stablecoin.”

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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