JOHANNESBURG, South Africa – February 24, 2020. iCE3 Exchange is going live with the token Tether (USDT) on 24 February 2020. Tether is linked to the value of the US Dollar allowing traders and customers looking to hedge against the volatility of cryptocurrencies or the South Africa Rand in different trading strategies.
Tether is a stablecoin – which attempts to reduce volatility by keeping a peg to the US Dollar – that offers customers the advantages of transacting with digital assets while mitigating price risk. Tether corresponds on a 1:1 basis with US Dollars sitting in Tether owned bank accounts. Buyers can trade bitcoin (BTC) to buy USDT, and vice versa for sellers in the BTC/USDT trading pair.
Gareth Grobler, the iCE3 founder says “Adding Tether to our platform is a signal to our community that there are alternative ways to make trades and hedge country risks.” He continued, “Our platform hands down beats others in rapid token and feature rollouts, and there is more coming as we ramp up to satisfy the growing demand.”
Eugéne Etsebeth, the iCE3 Exchange COO said: “iCE3 has an extensive customer-focused product road-map for 2020. Expect more products and features in the coming weeks. USDT is just one of many to come.”
The objective of iCE3 Exchange is to offer clients the best service to buy and sell (trade) cryptocurrencies and fiat pairs on a trusted exchange by integrating with numerous business partners including a cryptocurrency exchange platform provider, financial institutions, merchant services, wallets, custodial services, insurance, and scratch cards in order to build an ecosystem around the iCE3 platform.
- Eugene Etsebeth
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