Cryptocurrency platforms Coinbase and eToro list 2 new altcoin projects. Leading stablecoin Tether’s USDT has now been added to Coinbase after Coinbase Pro. eToro, on the other hand, announced that it added Dogecoin (DOGE) to its platform due to the high demand from investors. With this move, Dogecoin price welcomes 20 million registered investors worldwide.
Coinbase lists leading stablecoin Tether!
Popular Bitcoin and cryptocurrency platforms Coinbase and eToro list 2 new altcoin projects. Now Coinbase, Coinbase. supports Tether (USDT) on .com and on Coinbase Android and iOS apps. According to the exchange’s statement, Coinbase customers can now buy, sell, convert, send, receive or store USDT. USDT will be available mainly in Coinbase-backed areas, with the exception of New York State.
Tether (USDT) is a stablecoin found on several blockchains aiming to maintain the same value as the US dollar. The company behind Tether, Tether Limited claims to have reserves that fully support every USDT. As of 2021, USDT is the most used stablecoin in the world with a market value of over 30 billion dollars. However, Coinbase currently only supports ERC-20 USDT running on the Ethereum Blockchain.
eToro lists popular altcoin Dogecoin!
Online trading platform eToro announced that it will offer DOGE to 20 million sign-up users. The trading application faced criticism from users for not allowing trading in DOGE, which is the world’s fifth largest cryptocurrency by market value. Other platforms and exchanges resisted the DOGE listing, partly due to the significant volatility and the potential for huge losses, such as a 70% drop in April.
In a recent email to users, eToro announced that it listed the altcoin project, describing the decision as a “further expansion of the crypto service line”, which currently includes a total of 19 cryptocurrencies. The trading practice said, “Under the branding, Dogecoin is based on solid technical foundations.” EToro’s decision is an important step in the adoption and accessibility of DOGE. If the EToro decision gains traction in the industry, according to some analysts, the Dogecoin price may prolong the rally in the medium term.