The Tether token from Tether Ltd (Hong Kong) is the newest token listed on iCE3 Exchange. iCE3 is listing the Tether token as a result of its popularity and its rapid ascent in the Top Ten list of crypto coins. This list is based on coin market cap and has been the defacto standard when evaluating the popularity of crypto coins and tokens. USDT made its debut as an OMNI listed token and has since launched on both the Ethereum and Tron networks. [iCE3 will be supporting USDT on the ERC20 network (USDTe)]
The South African Rand and Bitcoin can both be very volatile at times. The Tether token (USDT) is a stable coin pegged to the US dollar which for a long time now, is seen as the most stable currency in the world. Consequently, this affords South African traders the opportunity to hedge against the volatility of the Rand. Furthermore, this allows traders to quickly and efficiently move value between exchanges allowing for greater profit opportunities.
You can Buy, Sell or Trade Tether tokens on the iCE3 exchange.
Tether.io explains it like this :
Because they are anchored or ‘tethered‘ to real-world currencies on a 1-to-1 basis and backed by our reserves. Tethers are new assets that move across the blockchain just as easily as other digital currencies. … Tethers hold their value at 1:1 to the underlying assets.
You can trade Tether tokens today on iCE3 Exchange in South Africa against BTC with our BTC/USDT trading pair which you can find here. It is easy to trade USDT on iCE3 as we have very deep liquidity for the BTC/USDT trading pair. If you do not have bitcoin yet, you can buy it on the BTC/ZAR market with South African Rand.
Let us know your thoughts on Tether in the comments section below.
This article is intended to educate and should in no way be seen as investment advice or an enticement to use the ice3.com platform. Bitcoin is highly volatile with big profit opportunities but you should also remember that you could lose part or all of your investment whenever you take part in any high risk investment. Bitcoin trading is not a regulated industry in South Africa, which in itself carries additional risks. IF YOU ARE NOT AN ASTUTE BITCOIN TRADER, SEEK INDEPENDENT FINANCIAL ADVICE BEFORE MAKING ANY INVESTMENTS.