Tether (USDT) arrives on VALR
We’re excited to announce the launch of Tether (USDT) on VALR!
USDT is a stablecoin, which is a type of cryptocurrency that is pegged 1:1 to the value of the US Dollar. For further reading, you can learn more about the history of Tether here.
We’ll be launching USDT/ZAR, USDT/ZMW & USDT/USDC trading pairs on Tuesday, 14 February, at 11:00am (SAST).
Stages of USDT launch on VALR
The USDT trading pairs launch will roll-out over four stages as described below.
We may keep any particular stage open as long as is needed to ensure a healthy market dynamic. Please follow our VALR Twitter account where announcements will be made as the launch progresses from stage to stage.
USDT deposits (already open): Customers can now fund their VALR accounts with USDT (ERC-20) via the Ethereum network.
Post-only (14 February @11:00am): In this stage, starting at 11:00am, customers will be able to post buy-orders and sell-orders on the Exchange Buy/Sell screen. No matching (or completion) of trades will be allowed, which will give time for the order book to fill up with sufficient liquidity from traders. This stage will last a minimum of 10 minutes.
Limit-only (at least 10 minutes after Post-only stage): In this stage, customers can only place limit orders on the Exchange Buy/Sell screen (market orders and the Simple Buy/Sell feature will not yet be enabled). During this stage, orders will be allowed to match. This stage will last at least 20 minutes.
Full trading (at least 20 minutes after Limit-only stage): All trades, including market orders and Simple Buy/Sell orders will be allowed.
A few things to keep in mind
Only Tether (USDT) deposits are supported on your USDT deposit address. Depositing any other crypto assets to your USDT deposit address will result in a loss of funds.
Only deposit USDT (ERC-20) via the Ethereum network. Depositing USDT via BEP-20, TRC-20, or any other network will result in a loss of funds.
Risk warning
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
Follow our VALR Twitter account for regular updates.
Have a question? Contact our team at support.valr.com.
