Bitfinex Opens Trading of USD-Pegged Tether Against USD

by bitcoinist 12/21/2018

Cryptocurrency exchange Bitfinex has announced it will support trading of USD denominated stablecoin Tether (USDT) against fiat USD from Friday. Bitfinex Hedging A Hedge The curious decision, which the exchange revealed in a blog post just hours before the pair went live, appears to be the first of its kind in the cryptocurrency industry. Each unit of USDT is notionally backed by 1 USD, and the stablecoin is designed to be used as a cryptographic



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Updated: 01/05/2019

via ccn11/01/2018

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