Coinbase Delays Tether, USDT Trading Again Citing API Issues

Coinbase delays the launch of Tether Stable coin trading for the second time in two days. The company first tweeted:

“We are delaying the launch of trading on USDT due to an ongoing issue with our Coinbase Pro APIs. Trading will now begin on or after 6 PM PT on Tuesday, April 27. Transfers are still available. We thank you for your patience. “

After a few hours, Coinbase tweeted again:

“To have full confidence in a successful launch of Tether, we have decided to further delay the launch of trading on USDT. We are now aiming to begin trading on or after 6 PM PT on Monday, May 3. Transfers remain available.”

Through a separate tweet, the US Crypto firm said:

“We are continuing to deploy services on the backend to scale and bolster the exchange and want to take this time to make the exchange more robust.”

Coinbase Tether listing came as a surprise to the crypto community who often questions whether the stable coin is fully backed by the US dollar.

The Company decided to list USDT on April 23, possibly after several considerations. The Coinbase Tether listing is a huge vote of confidence to Tether same way the recent Nasdaq listing of Coinbase’s COIN token is to the Cryptocurrency space.

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Category : Cryptocurrency
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