Covesting introduces US Dollar quotes on the exchange instead of USDT, as of December 5th, 2018.
We do this as one step forward towards the introduction of a fiat gateway in the near future. This will also help us to align with major liquidity providers as they begin to shift from USDT to US Dollars as a base quote currency.
The following changes will be implemented:
1. All USDT cross-pairs currently listed on the exchange will become USD pairs;
2. A separate USDT/USD pair will be introduced;
3. All USDT balances in client portfolios will be changed to USD at a 1:1 rate. Wallet balances in USDT will remain;
4. We will start introducing several additional stablecoins such as USDC, True USD, and Gemini USD over the next few weeks. This includes trading pairs to USD on the exchange as well as deposit/withdrawal options for each asset.