In a bid to give its investors the best service possible, the United Kingdom based exchange CEX announced that it has added more trading pairs to Tether on its platform.
The company which paired Tether with Bitcoin and Ethereum just last week announced in a release seen on Thursday, October 24 that it is expanding its pairing options with the USDT this week.
In a move that shows that it is systematically targeting the top coins, XRP-USDT and LTC-USDT pairs were added this week, giving traders more options to explore the market by taking advantage of the stability of Tether.
USDT Stability Questioned
Tether is a stablecoin that is tied to the USD at a ratio of 1:1 in a bid to hedge the volatility of the coin market. Traders use it in the stead of repeatedly converting their cryptocurrencies to fiat.
Even though there has been insinuations that the stablecoin is not fully backed by USD as claimed by Tether Holdings, the issuing authority. There has also been allegations that Bitfinex, another exchange might be behind Tether.
Despite the controversies surrounding the stablecoin, it has continued to be the stablecoin of choice for investors in the coin market.