The cryptocurrency exchange Coinbase Pro has opened deposits for Tether’s USDT stablecoin. The asset’s listing will take place on April 26.
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
In the initial phase, the platform will support the ERC-20 standard on the Ethereum blockchain in jurisdictions where Coinbase operates, with the exception of New York State.
The exchange will launch USDT trading pairs against BTC, ETH, the USD Coin stablecoin, the euro, the US dollar, and the British pound, subject to liquidity requirements.
“USDT is not yet available on Coinbase.com or in our mobile apps. We will issue a separate announcement if support is added,” the platform representatives noted.
reached a settlement with the New York Attorney General in a case concerning financial transactions tied to the loss of $850 million. The companies did not admit wrongdoing but agreed to pay the state $18.5 million.
In late March 2021, the independent auditor Moore Global presented on the sufficiency of reserves held by Tether Holdings Limited to fully back the USDT stablecoin.