Trust in Tether Returns After Coinbase Pro Lists USDT

An important win for Tether as Coinbase Pro adds support for the most popular stablecoin USDT after months of legal uncertainty around its parent company Bitfinex.

Tether Is Back

New York’s Department of Justice settled on Feb. 23 with Tether and Bitfinex after a two-year-long probe into the company’s operation. The crypto company agreed to disclose the backing of their USDT reserves and pay an $18 million penalty.



Since then, uncertainty around the legal future of USDT has all but vanished, and trust in the most popular stablecoin (currently approaching $50 billion market cap) has returned. A listing from Coinbase Pro yesterday has furthered investor confidence.

It will begin trading on Apr. 26, assuming enough USDT liquidity is available.



Coinbase Pro has, however, announced USDT will not yet be available for regular Coinbase.com users. A separate announcement will be made if and when USDT becomes available for this demographic.

Disclaimer: The author held ETH, BTC, USDT, and several other cryptocurrencies at the time of writing.


The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article