{"id":234405,"date":"2021-04-23T14:16:54","date_gmt":"2021-04-23T11:16:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tether-gets-coinbases-seal-of-approval-will-list-on-pro-offering\/"},"modified":"2021-04-23T14:16:54","modified_gmt":"2021-04-23T11:16:54","slug":"tether-gets-coinbases-seal-of-approval-will-list-on-pro-offering","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tether-gets-coinbases-seal-of-approval-will-list-on-pro-offering\/","title":{"rendered":"# Tether gets Coinbase\u2019s seal of approval, will list on pro offering"},"content":{"rendered":"

“# Tether gets Coinbase\u2019s seal of app<\/a>roval, will list on pro offering <\/strong>”
\n<\/p>\n

The United States\u2019 largest cryptocurrency exchange, Coinbase, is listing Tether (USDT) on its professional trading platform.<\/p>\n

According to a Thursday announcement, Coinbase Pro has enabled<\/a> USDT deposits ahead of the trading launch scheduled for Monday. The company said that trading will begin if liquidity conditions are met, stressing that Coinbase only supports the ERC-20 version of USDT running on the Ethereum blockchain.<\/p>\n

\u201cOnce sufficient supply of USDT is established on the platform, trading on our BTC-USDT, ETH-USDT, USDT-EUR, USDT-GBP, USDT-USD and USDT-USDC, order books will launch in three phases, post-only, limit-only and full trading,\u201d Coinbase wrote.<\/p>\n

Coinbase emphasized that USDT is not yet available on its retail trading platform, Coinbase.com, or on its consumer mobile apps. \u201cWe will make a separate announcement if and when this support is added,\u201d Coinbase noted.<\/p>\n

USDT trading on Coinbase Pro is now available<\/a> for residents in countries including the United States (with the exception of New York state), the European Union, the United Kingdom, Canada and Singapore.<\/p>\n

In listing Tether on its pro platform, Coinbase seems to be signaling that the Nasdaq-listed crypto exchange is not concerned about the stablecoin’s previous regulatory issues or the\u00a0long-running controversy\u00a0over the validity of Tether’s backing.\u00a0<\/p>\n

In February, Tether and its sister firm Bitfinex settled with the New York Attorney General<\/a>\u2019s Office over claims it misrepresented the degree to which USDT was backed by fiat collateral. As part of the settlement, New York regulators forced the firms to pay $18.5 million for damages as well as submit to periodic reporting of their reserves.<\/p>\n

Bitfinex chief technology<\/a> officer Paolo Ardoino told Cointelegraph, \u201cWe are gratified by Coinbase\u2019s decision to add Tether tokens (USDt) on ERC-20 to its Coinbase Pro platform. This is happening as we near a market capitalization of US$50 billion and represents another step forward as we broaden our community. As the most liquid, stable and trusted stablecoin, Tether is playing a key role in the emerging digital token ecosystem. Traders and developers like using Tether. Coinbase\u2019s endorsement means an important new bridge for mainstream adoption of cryptocurrency has been built.\u201d<\/p>\n

Coinbase has previously removed coins that were under regulatory scrutiny. In late 2020, the exchange\u00a0halted XRP trading\u00a0in response to the U.S. Securities and Exchange Commission taking legal action against Ripple.<\/p>\n

Coinbase did not immedia<\/a>tely respond to Cointelegraph’s request for comment.\u00a0<\/p>\n