Cryptocurrency Q&A
Why Coinbase does not support USDT?
Why Coinbase does not support USDT?
Chiara
Wed Mar 12 2025
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7
answers
1603
Some possible reasons why Coinbase may not support USDT could include regulatory compliance issues, as seen in their decision to suspend USDT trading in Canada due to local regulations. Additionally, Coinbase might have concerns about the stability and transparency of USDT, given the increasing regulatory scrutiny around stablecoins. Furthermore, Coinbase's decision to support only certain types of stablecoins, such as Circle's USDC, which is fully backed by cash and short-dated US treasuries, could also be a factor.
7 answers
Elena
Fri Mar 14 2025
It is crucial to note that Coinbase, a prominent cryptocurrency exchange, has specific requirements regarding USDT.
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CryptoDynastyLord
Fri Mar 14 2025
BTCC's services encompass spot trading, futures trading, and wallet solutions, among others. These diverse offerings make BTCC a one-stop-shop for cryptocurrency enthusiasts.
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Andrea
Fri Mar 14 2025
Currently, Coinbase only accepts USDT tokens issued on the Ethereum blockchain, specifically those that comply with the ERC-20 standard.
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CryptoGuru
Fri Mar 14 2025
Tether's issuer asserts that the value of USDT is supported by bank reserves and loans.
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CryptoVisionary
Fri Mar 14 2025
Users must adhere to this requirement when transferring USDT to Coinbase, as sending USDT on any other blockchain may result in the funds being lost or unrecoverable.
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