You Can Now Buy, Sell Stablecoins on Canadian Bitcoin ATMs

The crypto ATM of Instacoin now offer dollar-pegged stablecoins for deposit and withdrawal, including the much-disputed Tether (USDT). The leading crypto ATM operator in Canada will add a total of seven stablecoins to its devices.

ATM Selection Covers Most Major Stablecoins
The selection goes beyond USDT, which is the most liquid and widely used asset. Among dollar-pegged coins backed by assets in a bank, the devices will offer USDCoin (USDC), TrueUSD (TUSD), Paxos (PAX), and Gemini Dollar (GUSD).
The algorithmic stablecoin DAI will be available both as single-collateral and multi-collateral versions. Stablecoins offer a hedge against price fluctuations, as well as a cheaper way to send and receive the assets.
The ATMs, which are essentially offer fast brokerage services, offers a new level of anonymity to buyers. Currently, the ATMs…

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