Tether has been described as a controversial project in the past, but it now seems to be turning things around. The stablecoin has been listed on Coinbase Pro and is available for traders on the platform.

“Starting today, Thursday, April 22, transfer USDT into your Coinbase Pro account ahead of trading. Support for USDT will generally be available in Coinbase’s supported jurisdictions, with the exception of New York State,” Coinbase wrote in a blog post.
The cryptocurrency exchange added that trading would commence once the liquidity conditions are met. However, Coinbase clarified it is supporting ERC-20 USDT running on the Ethereum blockchain.
“Once sufficient supply of USDT is established on the platform, trading on our BTC-USDT, ETH-USDT, USDT-EUR, USDT-GBP, USDT-USD and USDT-USDC,” Coinbase added. The crypto exchange explained that the order books would be launched in three phases: post-only, limit-only and full trading.
If a new order book doesn’t meet Coinbase’s assessment for a healthy and orderly market, they may keep the it in one state for an extended period or suspend trading as per their trading rules. Coinbase added that USDT is not available on Coinbase.com or its mobile app. The exchange will make a separate announcement when this support is added.
The company was also accused of minting USDT coins that are not backed by fiat currencies. However, the external audit conducted by Moore Cayman last month confirmed that all $40 billion USDT coins are backed by real fiat currencies.
The audit has given Tether some credibility in the market and could be the reason why Coinbase Pro listed it on its platform.
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