Bitfinex Now Has Tether Stablecoin (USDT/USD) Margin Trading Offering

Bitfinex has officially announced via its blog that margin trading for Tether and fiat USD (USDT/USD) is now open. The decision was made, according to the blog, to improve the offerings of the company and to answer to the demands of the clients so that it can reflect the needs of the traders and customers of the company.

One of the reasons why the company has decided to start this new service is mostly that the addition of margin trading could be used to explore stablecoins better. The company has also affirmed that Tether was also chosen to be collateral for people to take margin positions using this new system.

At the moment, however, it was only the USDT/USD market that allowed for margin trading with Tether. However, the company has promised on the blog post that there are already plans to introduce margin trading in order markets if there is sufficient liquidity. Because of this, you can expect other stablecoins to be added soon.

In related news, Tether reopened its direct redemption of USDT tokens at the end of November. At the same time, Bitfinex added the USDT/USD trading pair for the first time.