Cryptocurrency Q&A
Does Coinbase support Tether (USDT)?
Does Coinbase support Tether (USDT)?
CosmicDreamWhisper
Thu Aug 29 2024
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7 answers
1831
Hello there, I'm curious about the compatibility of Coinbase with a specific cryptocurrency. Could you please clarify whether Coinbase supports Tether (USDT) for trading or storage? I've heard a lot about Tether and its stability, so I'm interested in knowing if I can manage my USDT holdings through Coinbase's platform. Thank you in advance for your assistance with this query.
7 answers
CryptoElite
Sat Aug 31 2024
The integration of ERC-20 USDT on Coinbase further solidifies Tether's position as a leading stablecoin. With Coinbase's vast user base and robust infrastructure, the adoption of ERC-20 USDT is likely to drive increased demand and liquidity for the token.
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GeishaMelody
Sat Aug 31 2024
Coinbase, a renowned cryptocurrency platform, has made a significant announcement regarding its support for ERC-20 USDT. This decision underscores the company's commitment to fostering a diverse and inclusive ecosystem for digital assets.
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WhisperWindLight
Sat Aug 31 2024
Specifically, Coinbase is now supporting ERC-20 USDT, which operates on the Ethereum blockchain. This move expands the range of tokens available to traders on the platform, enhancing its overall functionality and appeal.
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EnchantedSoul
Sat Aug 31 2024
In line with this announcement, Coinbase Pro users are now permitted to transfer Tether (USDT) into their accounts. This pre-trading transfer facility allows users to prepare for the upcoming trading sessions, ensuring a seamless and efficient experience.
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charlotte_anderson_explorer
Sat Aug 31 2024
Tether, as the most valuable stablecoin in the world, holds a pivotal position in the cryptocurrency market. Its peg to the US dollar provides traders with a stable and reliable store of value, making it an attractive option for those seeking to hedge against market volatility.
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