EQUOS expands its stablecoin offering by listing Tether

Friday 2 April 2021 12:38 CET | News

EQUOS, Diginex’s institutional-grade cryptocurrency exchange, has expanded its stablecoin offering by listing Tether (USDT). 

The EQUOS listing committee was formed in order to differentiate the platform's listing process from other exchanges, using independent criteria that is not swayed by offers of sponsorship by projects. In the specific case of Tether, concerns were significantly reduced following the settlement reached by the New York Attorney General in February 2021, regarding its recent inquiry into Tether’s financial transparency.

EQUOS offers a stablecoin pair crossing USDT and USD Coin (USDC), improving capital efficiency on the exchange. This allows holders of Tether to take advantage of the USDC fungibility on EQUOS offers. Currently, EQUOS uses USDC as its base currency for trading with other cryptocurrencies, such as Bitcoin and Ethereum. In addition, EQUOS also offers the ability for customers to deposit fiat USD, and then swap into USDC on a one-to-one basis, without any exchange rate fees or risk. 

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Keywords: stablecoin, product launch, cryptocurrency, cryptocurrency exchange, Bitcoin, Ethereum
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: United States
This article is part of category

Blockchain & Cryptocurrencies