Stablecoins Support Changes On Tokenize Xchange from 20 August 2021

stablecoins support
stablecoins support

From 20th August 2021, due to developments in cryptocurrencies and Stablecoins regulations, Tokenize Xchange will delist the following trading pairs on our website:

  •  SGD-DAI
  •  USD-DAI

The current orders for the mentioned Stablecoins will be canceled and the funds will be returned to the users’ digital wallets respectively on 20th August 2021. 

For that reason, we announce some updates on Stablecoin support from 20th August 2021 to provide Tokenize Xchange’s users with better experiences.

>>>Check out Stablecoin support FAQs <<<

1. USD Stablecoin deposits can be converted and credited as USD

The USD Stablecoins deposited or sent to your Tokenize Wallet can be converted and credited as fiat USD at real-time market rates. 

2. Users can receive fiat USD after successfully depositing Stablecoins

After receiving or depositing Stablecoins to their Tokenize Wallet, users can choose to deposit as Stablecoin in Stablecoin wallet or deposit as fiat USD in the USD wallet. 

3. Users can withdraw their USD from Tokenize in the form of a USD Stablecoin

Users can make USD withdrawals in the form of a USD Stablecoin by choosing “Convert to Stablecoin” and transferring them to an external Stablecoin wallet. Tokenize Xchange will convert your Stablecoins at market rates. 

4. Receive your Stablecoin amount after successfully sending or withdrawing Stablecoin 

Users will receive the amount of Stablecoins in their external wallet after successfully completing their Stablecoin withdrawal. Tokenize Xchange Support will send you an email to confirm that the transaction is successful. 

5. Crypto earn is still available for USDT, USDC, and DAI

The Crypto Earn Program is not impacted by the upcoming changes of Stablecoins. In detail, the Crypto Earn is still available for USDT, USDC, and DAI

*Please take note that the deposit and withdrawal functions will still be active for the mentioned stablecoins (USDT, USDC, DAI).

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