Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, and BitBay.net, an Estonia licensed crypto-to-fiat exchange, are pleased to announce that tether (USDt) is listed on the platform.

BitBay.net is one of the most established crypto-fiat exchanges in Europe while USDt recently surpassed a market capitalization of US$15 billion, thereby cementing its position as the most liquid, stable and trusted stablecoin.

“We are gratified that tether is now listed on BitBay, an established and trusted exchange in the European digital asset ecosystem,” said Paolo Ardoino, CTO at Tether. “We anticipate a ready demand among the platform’s user base. The market has once again spoken. People like using crypto’s preeminent stablecoin.”

“Tether is undoubtedly the most popular stablecoin out there,” said Sylwester Suszek, CEO at BitBay.net. “We knew that USDt should be present on our platform. By adding tether and credit cards payments we have provided our users with an even better crypto trading experience.”

USDt joined the portfolio of supported currencies on BitBay.net in September, and is available in four trading pairs on the platform:

• USDT / BTC
• USDT / ETH
• USDT / LTC
• USDT / LINK

All USDt markets have low trading fees on BitBay: maker 0% and taker 0.1%. BitBay recently announced the launch of Mastercard and Visa credit cards payments on the platform.

USDt’s total market capitalization has increased from about $2 billion in February 2019 to surpass US$15 billion. Tether works with Algorand, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Tron and Solana. Tether is driven to support and empower growing ventures and innovation in the blockchain space.