Hong Kong BitFinex Cryptocurrency Exchange announced the launch of the first cryptocurrency trading pairs with USDT. The new BTC/USDЕ and ETH/USDЕ pairs are available for trading under the BTCUST tickers for Bitcoin and ETHUST for the Ethereum.
In a statement, Bitfinex says that new markets are launched as part of an exchange strategy to implement differentiated trading strategies and are aimed at “simplifying and optimizing the capabilities of interbash market-making in pairs with USDT”.
Up until today, Bitfinex offered USDT trading only against the US dollar, including with the leverage. The corresponding option was added in December 2018.
Recall that last week, the Tether Stablecoin Issuer and the developer of the Tron protocol announced a partnership, under which the USDT token will be launched on the Tron blockchain. The new asset will join the Tether family of steblokoins on Bitcoin and Ethereum blockchains.