USDT Listed on Shapeshift, Crypto Community Displeased

  • Yuri Molchan
    📰 News

    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

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.

Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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