Huobi Pro will launch Tether(USDT) on October 24th, 2017
We are excited to announce that Huobi Pro will support Tether(USDT) trading pairs. USDT deposit and withdrawal is available from 18:00 October 24th,2017(GMT+8). And BTC/USDT and ETH/USDT trading will start at 12:00 October 26th,2017(GMT+8).
USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform.
Advantage of USDT in crypto-only exchange:
1. Used to stabilize the value of your assets. You can exchange digital assets to USDT to avoid the losses in a plummet market.
2. Easy to know the price of digital asset. Because 1USDT is equal to 1USD, the price of digital asset against USDT is the USD price of the digital asset.
3. Superior liquidity. Transactions of USDT is based on the Bitcoin blockchain which is stable and reliable.
Tether Project https://tether.to/
Omni Layer http://www.omnilayer.org/
Enjoy your trading on Huobi Pro!
October 24th, 2017