Stablecoin Tether (USDT), will be added to its Pro-trading platform, according to Coinbase, Thursday announcement.
As early as next week, ERC-20 will be listed by Coinbase Pro over Tether’s in-house Tron network (TRC-20)
Tether is a stablecoin available across several blockchains that is pegged to the US dollar. For USDT, the company behind the protocol is responsible for holding cash reserves to back each token. According to CoinMarketCap, Tether is the largest stablecoin with a market capitalization of $49.27 billion.
In a blog post, Coinbase stated that “USDT will generally be available in Coinbase’s supported jurdisdictions, with the expectation of New York State. Trading will begin on or after 6PM Pacific Time (PT) Monday April 26, if liquidity conditions are met. Please note that Coinbase only supports ERC-20 USDT running on the Ethereum blockchain.”