- Bitstamp will list Tether (USDT) on June 14th
- Tether (USDT) will be listed alongside Compound Finance (COMP) and The Graph (GRT)
- Bitstamp follows Coinbase pro in listing Tether (USDT)
- Tether’s advancing market cap is the most consistent trend in the crypto-verse
The digital asset exchange of Bitstamp will list Tether (USDT) on the 14th of this month.
Tether (USDT) will be listed alongside Compound Finance (COMP) and the Graph (GRT). Deposits and withdrawals of the digital assets will be enabled on the 14th of June with full trading being available once sufficient liquidity is attained for each of the three.
According to the official announcement, Tether (USDT) will be available for trading on Bitstamp through the following pairs.
- USDT/USD
- USDT/EUR
- USDT/USDC
- USDT/BTC
- USDT/ETH
- USDT/XRP
Tether’s Advancing Market Cap is the Most Consistent Trend – Bloomberg Report
The listing of Tether (USDT) on Bitstamp comes almost two months after Coinbase Pro listed the stablecoin.
Tether has gradually attained global legitimacy after its parent company settled with the New York Attorney General’s office for $18.5 million back in February of this year. The ruling of the lawsuit also ordered Tether and Bitfinex to avail constant reports of their business functions in addition to regular audits of their fiat reserves.
At the same time, the market capitalization of Tether has continued to grow as demand for USDT as a fiat on-ramp continues to grow in the crypto-verse. This fact was highlighted in this month’s Crypto Outlook Report by Bloomberg which had this to say about Tether.
Tether’s ascendancy to the third-biggest crypto market cap is one of the most consistent trends in digitalization.
Consistent strength and performance deserve respect, and that’s how we view the digitalization of money as represented by Tether. Despite controversy and regulatory crackdowns, the advancing market cap of the world’s benchmark dollar token has been a persistent indicator of the expanding ecosystem of digital assets.