Crypto-friendly hotel booking giant Travala now accepts payments from the controversial cryptocurrency leader.
On January 10, Travala announced that the Tether (USDT) is now a form of payment in its two million related properties.
In addition to Tether, Travala also accepts payments from Bitcoin, Ethereum, XRP, Litecoin, Binance Coin, Bitcoin Cash, Stellar and Cardano, as well as its own coin, AVA.
Tether entered the crypto market in 2017. Stablecoin promised to avoid price fluctuations with its ratio one to one of the fiat currency. Merchants showed interest in the coin from Hong Kong.
Last April, New York Attorney General Letitia James charged the parent company Tether Limited, Tether, with a collusion with the parent company iFinex, and used Tether's reserve funds to cover a loss of more than USD 850 million in the funds of clients and companies from the Bitfinex crypto exchange, thus challenging USDT's claims to stability based on USD reserves.
Despite iFinex's legal difficulties, and despite its fifth largest market capitalization, Tether still has the highest daily and monthly turnover. According to CoinMarketCap, Tether boasts a 24-hour trading volume of nearly $26.5 billion, exceeding Bitcoin's $22.5 billion.
