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Coinbase Custody International Adds ERC-20 Tether (USDT) Support

News
Sat, 05/30/2020 - 14:45
Vladislav Sopov
Coinbase Custody International, an institutional-grade crypto storage solution, announced that it’s adding support for the ERC-20 version of the Tether (USDT) stablecoin.
Coinbase Custody International Adds ERC-20 Tether (USDT) Support
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Coinbase Custody International (CCI), a European multi-asset cryptocurrency storage platform for institutional clients, has enabled its customers to deposit and withdraw the Ethereum (ETH)-based version of the U.S. Dollar Tether (USDT).

ERC-20 Tether on Coinbase Custody 

According to the official announcement, both deposits and withdrawals of the ERC-20 Tethers (USDT) are now supported on Coinbase Custody International. CCI, which is a European entity for processing cryptocurrency operations, is registered in Dublin, Ireland.

Coinbase Custody International supports ERC-20 Tether deposits and withdrawals
Image by Twitter

Coinbase Custody is a side-project of the Coinbase crypto exchange. Launched on January 30, 2020, it's a pioneer within the multi-blockchain storage sphere and governance solutions for sophisticated clients.

Coinbase Custody is focused on the unmatched level of security for the enormous amount of crypto riches. It welcomes customers with a minimum deposit starting at $1,000,000, and charges them with an implementation fee of up to $10,000.

In turn, Coinbase Custody International Inc. is an autonomous branch of Coinbase Custody focused on European jurisdictions.

Two Trends in Crypto Sphere: Institutions and Tether (USDT)

Delivering cryptocurrency services with the potential of competing against premium private banking is among the top priority directives for Coinbase ecosystems. As previously reported by U.Today Crypto News, Coinbase confirmed its acquisition of the institution-level arbitrage platform Tagomi

The deal is currently waiting for the official approval by U.S. financial watchdogs. The deal is expected to be closed by the end of this year.

Tether's increased usage is the global trend of the blockchain world. The circulating supply of the stablecoin resulted in a series of new all-times-highs (ATH) this year.

In particular, the demand for USDT skyrocketed within the sphere of Ethereum-based decentralized financial applications. It has been recently disclosed that USDT accounts for 11% of Aave Protocol (LEND) funds.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
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Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)