Coinbase has announced that the users will be able to engage in the trading and investment in Tether (USDT) at the platform of Coinbase. They will be able to access the platform through the browser at Coinbase.com or through apps of Coinbase available at iOS and Android play store. Coinbase is now all set to enable the registered traders and investors to purchase, sell, transfer, convert, accept, and store USDT coins in their registered wallets. The users can also take part in USDT trading at the platform of Coinbase Pro.
Tether is a type of cryptocurrency that is more popularly known as a stable coin due to its inherent regulation of maintaining consistency of value equivalent to that of the US Dollar. This cryptocurrency is considered to be a safe asset as Tether Limited possesses reserves in fiat currency assets for the backup of every USDT coin in circulation. Tether is driven by multiple blockchains, but the one available at Coinbase is the ERC-20 version of USDT powered by the Ethereum Blockchain. It is important to note that the New York-based users shall not be able to engage in USDT trading at the Coinbase platform.
Apart from launching Tether, Coinbase is also working on listing cryptocurrency assets to enable the registered traders to purchase and sell different types of cryptocurrencies at the crypto markets. The platform focuses on providing the users with a variety of trading tools to make sure that the users can conduct trading and investment with accuracy. A new section has also been added recently to the Coinbase platform to guide the registered users.