Would Bittrex like to part with the very embarrassing Tether (USDT)? Everything leads to believe it, since after having announced adding TrueUSD (TUSD) to its trading platform, Bittrex added as first pair... USDT/TUSD !
On paper, TrueUSD shows undeniable advantages over its rival Tether, even if the latter is already well established despite the scandals that revolve around it. Among these advantages, the creators of this cryptomonnaie promise a true transparency allowed by daily bank statements and monthly audits of its accounts. In addition, his TrueCoin business is seeking to register with U.S. authorities as a money services business. The only hitch, the exchange of TrueUSD in fiat currency will only be possible after a KYC procedure, thus revealing the identity of its users.
The addition of the USDT/TUSD pair tends to show that Bittrex is encouraging its users to get rid of their USDT. Although this listing is very recent, it has had no significant impact on either the capitalization of Tether, which is capped at $2,300 million, or TrueUSD, which is capped at $8 million.
Translated with www.DeepL.com/Translator a partir de journalducoin.com