Coinbase Lists Tether (USDT) after supporting the Pro version

Coinbase has added the largest stable coin by market capitalization, Tether (USDT), to its platform, and trading features are already available.

According to a blog post published by a company, Coinbase listed Tether (USDT) on May 4th. The addition was a long time coming as USDT has a market cap of over $ 50 billion. The asset will be available on the Coinbase online platform as well as on Android and iOS Coinbase apps.

While the listing seems a bit late, Coinbase has been careful when adding assets to its platforms. She has exercised caution and did not want to endanger either the consumer or the supervisory authorities.

The company recently went public, marking an important moment for the cryptocurrency market. As a publicly traded company, Coinbase must take additional precautions in relation to its actions.

Coinbase had a goal of adding more assets over the past 18 months by adding some of the most popular tokens on the market to that end. New additions are Yearn Finance (YFI), OMG Network (OMG) and Decentraland (MANA). The additions will help Coinbase attempt to go global and hold their own against domestic rivals like Gemini.

Tether’s market capitalization is $ 50 billion

Meanwhile, alongside Ethereum, Tether has seen its market capitalization surge to new highs. Its current market capitalization is around $ 52 billion, with an all-time high of $ 53 billion. It did so despite numerous controversies in the past, particularly over concerns about Fiat support.

Tether claims it has enough cash to support the massive valuation that investors have doubted for years. It sparked further worries when millions of new tokens were minted over the past year.

None of this has rocked the market so far. Even Michael Saylor, CEO of MicroStrategy, believes that all FUD (fear, uncertainty and doubt) will not affect Bitcoin.

Tether was also the subject of a handful of lawsuits, the last of which was known to be related to price manipulation. Officials denounced it and said the allegations were unfounded.

In any case, Tether should continue to do well in the future, and there is no shortage of demand for stable coins.

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