Upbit and Bithumb Announce USDE Listings to Expand Trading Options
Bithumb officially confirmed the January 14 launch of a USDE-KRW trading pair, joining Upbit’s USDE rollout to enhance stablecoin availability in South Korea.
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Summary
On January 14, Bithumb announced via its official statement the listing of a USDE-KRW trading pair. This development complements Upbit’s earlier plans to introduce USDE trading pairs against KRW, Bitcoin, and Tether, broadening access to the U.S. dollar-pegged stablecoin for South Korean traders. Both exchanges aim to expand USDE’s presence and utility in the regional crypto market.
Terms & Concepts
- USDE: A stablecoin pegged to the U.S. dollar, used for facilitating digital asset trades.
- KRW: Korean Won, the official currency of South Korea.
- USDT: Tether, a widely used stablecoin pegged to the U.S. dollar.