Coinbase will only support Tether’s ERC-20 token, that is, the one developed in Ethereum.
Users will be able to access this cryptocurrency from Coinbase.com, Coinbase Pro, and the wallet.
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Coinbase just announced that as of now, users can buy and sell Tether (USDT) within all of their platforms. This includes both its main portal, Coinbase.com, as well as Coinbase Pro, geared towards the trading, and from the apps available for Android and iOS.
The announcement was made from the official Coinbase blog, in which details were given about the launch and availability to trade USDT on the different platforms.
It should be noted that, within the announcement, it was communicated that the Tether token that is supported by Coinbase corresponds to the one belonging to the Ethereum blockchain, USDT ERC-20. This means that users will be limited in wanting to deposit USDT corresponding to the OMNI, TRON, or Liquid Network networks.
Along with the USDT listing for trading within Coinbase, a information page in which users can consult information about their current price in different currencies, capitalization within the platform and information regarding the asset.
Tether is not the first stablecoin which is listed within the platform CoinbaseThis is because, previously, other cryptocurrencies of this type have already been added, such as Binance USD, USDC and DAI, among others.
USDT or Tether, is a stablecoin or stable currency, whose price is anchored to that of the US dollar on a 1: 1 scale. This means that 1 USDT is equivalent to 1 USD. This type of asset does not suffer volatility due to the nature of its operation. Due to this it is used, among other things, to safeguard value against the volatility suffered by cryptocurrencies such as bitcoin.
Tether, at present, is the stablecoin with the highest market capitalization, and is ranked number 6 within CoinMarketCap. Its global capitalization of about $ 53 million at the time of writing.
With the inclusion of Tether, this being the stablecoin Currently the largest in terms of market capitalization, within Coinbase, users will now be able to count on cryptocurrency exchange pairs against USDT to trade, either on Coinbase.com or Coinbase Pro.
Coinbase: a suite for trading of bitcoin and cryptocurrencies
The American company Coinbase offers a suite of services with cryptocurrencies that is subdivided into different platforms. The main one is Coinbase.com, in it users can buy, sell and exchange cryptocurrencies, paying directly with your local currency and through traditional payment methods as are credit and debit cards.
On the other hand, there is the Coinbase Pro trading platform, which specializes in cryptocurrency exchange and trading services, with an interface oriented towards traders professionals.
Finally, there are the apps for Android and iOS devices. These allow users to access the entire catalog of services offered Coinbase from your mobile device.
This platform is considered one of the most important in the field of cryptocurrency exchanges. This year, it even began to trade on Nasdaq, being the first cryptocurrency exchange to do so.
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Tether is now available on Coinbase