Stablecoins have been a point of contention in recent months especially for Bitfinex and its Tether auditing fiasco. In order to alleviate some of the concerns the crypto exchange has announced that it will list a further four stablecoins.
Bitfinex still holds the reigns on Tether and that maybe what is holding it back. Tether has been losing its tether in recent months and fell as low as $0.95 during the November crypto slump. Bitfinex reacted earlier in October by pulling 630 million USDT out of circulation but that failed to prevent the stablecoin losing its grip. As a result a slew of competing coins entered the market and are now gaining traction.