Huobi, a Chinese cryptocurrency exchange, announced today on its international platform, Huobi.pro support for Tether (USDT). Starting today, its markets are open for BTC/USDT, ETH/USDT, and LTC/USDT trading.
As China’s ban on cryptocurrency trading goes into effect on October 31, 2017, Huobi has added new offices in Hong Kong and Singapore to continue its exchange service and expand into global markets. Issued on the Bitcoin blockchain via the Omni Layer Protocol, each USDT is backed by a U.S. Dollar held in the reserve holdings of Tether.to, the first blockchain-enabled platform to facilitate the use of fiat.
Huobi.com’s ex-China businesses and global brand huobi.pro offers exchange and trading services for cryptocurrencies. Most of the platform’s users are professional traders located all over the world.