The Poland-based cryptocurrency exchange BitBay has added the US Dollar-pegged stablecoin tether (USDT) on its trading platform. Tether is ranked third on CoinMarketCap (CMC) by market capitalization. Recently, the market cap of USDT crossed the $15 billion figure. Now, it has been listed by the BitBay exchange.
Tether is now available on BitBay
As reported by Hedgeweek, BitBay, a crypto-to-fiat exchange licensed by Estonia, has announced trading support for the stablecoin Tether (USDT). Users can now trade this liquid and trusted stablecoin on the trading platform of the BitBay exchange.
The Chief Executive Officer (CEO) at BitBay.net Sylwester Suszek says that Tether should be available on our platform because it is, without any doubt, the most famous stablecoin in the industry. Adding more to it, he said:
“Tether is undoubtedly the most popular stablecoin out there. We knew that USDt should be present on our platform. By adding tether and credit cards payments we have provided our users with an even better crypto trading experience.”
While on the other hand, the Chief Technical Officer (CTO) at Tether Paolo Ardoino is very pleased on the listing of their stablecoin USDT on one of the established and trusted cryptocurrency exchanges present in the European cryptocurrency ecosystem. While commenting on the listing of USDT, Paolo Ardoino stated:
“We are gratified that tether is now listed on BitBay, an established and trusted exchange in the European digital asset ecosystem. We anticipate a ready demand among the platform’s user base. The market has once again spoken. People like using crypto’s preeminent stablecoin.”
After surpassing $15 billion in market capitalization, the stablecoin Tether (USDT) has secured its position on the third spot on CoinMarketCap and its price value is trading at $1.00 at the time of writing. It overtook XRP the native digital currency of Ripple to become the world’s third-largest cryptocurrency by market cap. Ripple’s XRP, on the other hand, is standing on the fourth spot on CMC with a market capitalization of over $10 billion.