USDT Listed on Shapeshift, Crypto Community Displeased

Yuri Molchan
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
USDT Listed on Shapeshift, Crypto Community Displeased
Cover image via U.Today

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, can be contacted at yuri.molchan@u.today.