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Trust In Tether Returns After Coinbase Lists

By Crypto BriefingCryptocurrencyApr 23, 2021 06:18AM ET
www.investing.com/analysis/trust-in-tether-returns-after-coinbase-lists-200574896
Trust In Tether Returns After Coinbase Lists
By Crypto Briefing   |  Apr 23, 2021 06:18AM ET
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Tether fears subside as the leading crypto exchange in the United States has listed the most widely-used stablecoin.

An important win for Tether as Coinbase (NASDAQ:COIN) 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.

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Trust In Tether Returns After Coinbase Lists
 

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Trust In Tether Returns After Coinbase Lists

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Aefa Aepam Binti Isa Apr 28, 2021 4:43PM ET
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