OKCoin offers first major USD-to-crypto trading pair for Decred, but difficult questions remain

Decred ($DCR), a rising store-of-value orientated token, is hoping to target U.S., European, and Australian investors by listing on crypto exchange OKCoin with a USD pairing - an uncommon move for an altcoin.

While there is already a direct conversion into Brazilian real for the large Decred community there, project lead Jake Yocom-Piatt told The Block that the U.S. dollar's global weight would help boost "access" to the token and its long-term usability.

"A number of people complained about having to get bitcoin first," he explained, noting that most coins require an initial crypto-crypto trade to withdraw or buy them with fiat.