Cryptocurrency exchange Bitfinex has announced it will support trading of USD denominated stablecoin Tether (USDT) against fiat USD from Friday. Bitfinex Hedging A Hedge The curious decision, which the exchange revealed in a blog post just hours before the pair went live, appears to be the first of its kind in the cryptocurrency industry. Each unit of USDT is notionally backed by 1 USD, and the stablecoin is designed to be used as a cryptographicRead MoreThe post Bitfinex Opens Trading of USD-Pegged Tether Against USD appeared first on Bitcoinist.com.
