Coinbase to List Tether On Pro Trading Platform

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Coinbase announced on Thursday that its Pro trading platform will add stablecoin Tether (USDT). Coinbase Pro will list ERC-20 based USDT over Tether’s in-house Tron network (TRC-20) as early as next week. Tether is a stablecoin available across several blockchains that is pegged to the US dollar. For USDT, the company behind the protocol is responsible for holding cash reserves to back each token. According to CoinMarketCap, Tether is the largest stablecoin with a market capitalization of $49.27 billion. Despite recent market volatility, Tether continues to remain closely to its $1 peg. Source: Tradingview.com In a blog post, Coinbase stated that “USDT will generally be available in Coinbase’s supported jurdisdictions, with the expectation of New York State. Trading will begin on or after 6PM Pacific Time (PT) Monday April 26, if liquidity conditions are met. Please note that Coinbase only supports ERC-20 USDT running on the Ethereum blockchain.” Potential Controversary…

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