Major will support stablecoin USDT coin on the () , according to an announcement on April 19.
-based digital currency exchange Poloniex has added support for deposits and withdrawals of USDT on the network. The development will reportedly support Tether on both chains — USDT issued on the Omni protocol and the network.
Poloniex said in the announcement that its decision to support the new chain is reasoned by expanded flexibility it provides to the USDT platform. In order to support both versions, Poloniex will be converting a percentage of Tether currently on the Omni to Tether on the .
Additionally, Poloniex is planning to launch an airdrop to eligible clients owning Tether later this month. “The amount of USDT we receive in the airdrop will be based on the amount we convert. Once the airdrop begins, Poloniex will be credited based on the amount of Tether they hold on Poloniex,” the exchange says.
Tether issuing USDT on the (TRX) on April 17. The development is an upgrade from the Omni protocol-based USDT, that purportedly enables users to hold and transfer the through on .
Last December, Poloniex a dedicated offering for institutional traders. The exchange thus joined an increasing array of operators looking to service the institutional market.
Prior to that, Poloniex plans to remove margin and lending products for its in the U.S and delist three digital assets, Synereo (AMP), Expanse (EXP), and Gnosis (GNO). Poloniex explained then that the move had been taken to ensure the exchange complies with regulatory requirements in every jurisdiction. The announcement, however, did not refer directly to any specific regulations.
Published at Fri, 19 Apr 2019 23:44:51 +0000
