Cryptocurrency exchange Coinbase Pro has opened deposits for the USDT stablecoin from Tether. The asset will be listed on April 26th.
Starting today, inbound transfers for USDT are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 6PM PT on Monday April 26 , if liquidity conditions are met. https://t.co/F5o73g8o4v
— Coinbase Pro (@CoinbasePro) April 22, 2021
At the first stage, the platform will support the ERC-20 standard on the Ethereum blockchain in the jurisdictions where Coinbase is represented. The exception will be the state of New York.
The exchange will launch USDT trading in pairs with Bitcoin, Ethereum, USD Coin stablecoin, Euro, US dollar and British pound.
“USDT is not yet available on Coinbase.com or on our mobile apps. We will make a separate announcement if support is added, ”the platform representatives noted.
Earlier, the cryptocurrency exchange Bitfinex and Tether entered into an agreement with the New York Attorney General’s Office in the case of financial transactions related to the loss of $ 850 million. The companies did not admit the violation, but agreed to pay the state $ 18.5 million.
As a reminder, at the end of March 2021, the independent auditor Moore Global presented an opinion on the adequacy of the reserves of Tether Holdings Limited to fully secure the USDT stablecoin.
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