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Coinbase Custody Now Supports Ethereum Based USDT

An institutional-grade digital asset storage solution, Coinbase Custody International has recently started providing support for the ERC-20 version of USDT.

Notably, Coinbase Custody International is a European multi-asset virtual currency storage platform for institutional customers. The crypto custody provider has allowed its clienteles to deposit and withdraw the ERC-20 version of the Tether stablecoin.

As per the official declaration of the crypto platform, both deposits and withdrawals of the Ethereum protocol-based USDT are now supported on the Coinbase owned crypto custody provider.

It is to be noted that Coinbase Custody is a side-project of the Coinbase digital asset exchange. It was initiated in the first month of the present year. It’s a forerunner within the multi-blockchain repository domain and governance solutions for institutional customers.

The crypto custody provider is focused on the unparalleled level of safety for the huge amount of crypto reserves. As per the official website of the company, it allows clients with the least deposit starting at one million USD and charges them with an application fee of up to ten thousand USD.

What do you think about the increasing adoption of the ERC-20 protocol-based tokens and different versions of USDT? Let us know in the comments below!

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