Utrust has integrated Tether, its first stablecoin UTRUST Follow Apr 23 · 2 min read

With adoption firmly in our sights, we are breaking yet another boundary. Utrust has added a stablecoin to our offer. Tether (USDT) has been added to our service, and you can now use it to pay with any of our roster of elite merchants. Alternative Airlines, Arms &McGregor, Luís Onofre, S.L. Benfica, Phone House, eSolidar and any other of our portfolio of businesses will now be accepting payments with a coin that has a market cap of $7 billion. This is a true leap forward for Utrust and a key part of our roadmap for 2020.

The money of the future will include stablecoins

Stablecoins are a key part of the digital currencies ecosystem. Their addition to the Utrust platform was a matter of time. From the beginning of our journey, we had decided we were building the money of the future. Stablecoins were always going to be a part of that. By bringing protection against the volatility of the digital currencies market and providing investors and customers with the confidence to finally try out this technology, stablecoins are one of the keys to adoption.

Tether is a massive asset

Tether is by far the largest stablecoin in the market. It’s widely used by traders as a convenient way to move assets between exchanges and it has been around since 2015. Tether is traded on major exchanges like Bitfinex and Binance, and its simple and stable pricing structure makes it a very attractive gateway into digital currencies. Tether dominates this market, with over 80% of all Bitcoin (BTC) trading happening with the help of USDT.

A brave new world for Utrust

With USDT commanding such a large market cap, and providing such exciting opportunities both for our customers and our merchants, the future looks just a little bit closer.

We already offered our merchants total protection against the market’s volatility with a risk free service, and that’s always been one of the hallmarks of our platform.

Now, we are delighted that any user that isn’t yet ready to fully embrace decentralised digital currencies can enjoy all the advantages of our services with a coin that will fully protect them as well.

No more bank settlement fees, forex exchange rates or credit card fraud. Easy as it should be.

We truly are offering you the future. Utrust can help you reach a whole universe of new clients. Just write Sanja, our CEO, (sanja@utrust.com) or Rodrigo, our COO, (rodrigo@utrust.com) and let them know what you want your business to be.