Upbit to List Tether (USDT) Today
CryptoNewsTerminal Staff07 Jun, 2024
Upbit to List Tether (USDT) Today
Upbit Lists USDT Today Upbit, one of the leading cryptocurrency exchanges in South Korea, has announced that it will list Tether (USDT) in the Won and BTC markets between 5 pm and 6 pm on June 7. This is a significant development as it will make it easier for South Korean investors to trade USDT, which is a popular stablecoin pegged to the US dollar. USDT is a stablecoin that is backed by reserves of fiat currency, in this case, the US dollar. This means that the value of USDT is always pegged to $1 USD, making it a popular choice for traders who want to avoid the volatility of other cryptocurrencies. The listing of USDT on Upbit is expected to increase the liquidity of the USDT market in South Korea and make it easier for investors to trade USDT against other cryptocurrencies. It is also likely to attract new investors to the cryptocurrency market.
