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USDT Listed on Shapeshift, Crypto Community Displeased

  • Shapeshift announced the listing of USDT on their exchange. Tether is considered a controversial coin that claims backing its tokens with USD on a one to one scale

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In its tweet on Thursday, Shapeshift announced the listing of USDT on their exchange. Tether is considered a controversial coin that claims backing its tokens with USD on a one to one scale.

There have been large doubts from the crypto community and regulators regarding the integrity of the USDT team. Strong assumptions regarding a direct connection between the Tether company and Bitfinex exchange were made, however, the USDT team made a report confirming its integrity.

Most comments regarding Shapeshift’s tweet that followed had a negative tone, criticizing the exchange for this move. Considering the fact that Shapeshift is currently going away from its no-account scheme and collecting personal user data, the disappointment in the community is getting stronger.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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