Tether USDt

<p>Bithumb and Coinone, two of South Korea’s largest cryptocurrency exchanges, have recently listed Tether (USDT) — the USD-pegged stablecoin issued by Tether Limited — according to an <a href="https://www.khgames.co.kr/news/articleView.html?idxno&#61;222263" rel="noopener noreferrer nofollow">article</a> by local news outlet Kyunghyang Games on Thursday (local time). Both exchanges support Tether trading on the TRON network.</p><h2 id="header-0">Tether gains momentum in South Korea</h2><p>Bithumb listed the currency today at KRW 1,316 in response to high investor demand. Meanwhile, Coinone, which listed Tether on Nov. 30 to become the first fiat-to-crypto exchange in the country to facilitate USDT/KRW trading, cited reasons such as Tether’s reliability and transparency, demonstrated by regular updates on its audits and reserves. The listing price was KRW 1,289.</p><p>Industry sources anticipate that USDT/KRW trading in South Korea will eventually lead to reduced transaction fees and a simplified transaction process for domestic traders. Previously, in order to access most overseas markets where USDT is used as the default currency, users have had to sell their assets overseas first and then repurchase USDT to participate in trading.</p><p>Simplified transactions are also expected to contribute to balancing pricing across different markets and <a href="https://medium.com/&#64;coinness.gl/coinones-recent-addition-of-usdt-krw-trading-pair-expected-to-reduce-kimchi-premium-6cdded79dc10" rel="noopener noreferrer nofollow">reducing the Kimchi premium</a> — a term used to describe the difference between trading prices of cryptocurrencies in Korea and in other foreign exchanges.</p><h2 id="header-1">Promotional events</h2><p>To mark the occasion, Bithumb is offering a promotional event where 0.02% of the price of maker orders placed by Dec. 11 will be distributed to users in Bitcoin on Dec. 14. Maker orders are those that are placed at an asking price that differs from the current price, which means it is added to the order book instead of being matched or executed immediately. These orders add liquidity to an order book.</p><p>Bithumb users can also make USDT withdrawals free of extra fees until Dec. 11. Coinone, on the other hand, requires a withdrawal fee of 1 USDT.</p><p>According to CoinMarketCap, Tether has the third-largest market capitalization at approximately $90.1 billion as of this writing. The token’s trading volume in the last 24 hours was $49.3 billion.</p>

South Korean crypto exchanges list USDT

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