Singapore crypto currency exchange Switcheo announced support for running on the platform Alchemist stablon SDUSD tied to the U.S. dollar.

According to a press release of the exchange, trading couple SDUSD/NEO became available on the marketplace Switcheo Exchange.

SDUSD is stable token-based smart contracts platform Alchemint based on the blockchain NEO. 1 SDUSD is equivalent to 1 US dollar (USD).

The stock exchange of Singapore is the first decentralized cryptococcomas platform built on the blockchain network NEO. In addition to the cryptocurrency underlying network, the platform offers a trading pair with ETH, a private token SWTH and now a direct replacement for the us dollar — SDUSD.

Recall that last year, some called the “year tablconv” — for several months a stable tokens that are pegged to USD, Paxos Standard blockchain startup Paxos, Gemini Dollar (GUSD) Gemini Trust brothers the Winklevoss and USDCoin (USDC) from a Circle. Announced plans to launch tablconv support in euros, pounds sterling, Australian dollar and Japanese yen. The intention to issue next year a stable cryptocurrency stated Facebook иMizuho Financial Group (MHFG).