ShapeShift adds Tether cryptocurrency

ShapeShift has been involved in bitcoin for long, among other digital currencies. It has recently announced that it has added Tether, a new currency, to the ranks at ShapeShift. The service is simple and user friendly, and is a step forward towards developing and expanding a service which will ultimately fulfil the needs of all in a future where crypto seems to be the king.

"Tether provides a stable token to trade against, offering our users interested in the stability of a fiat-backed asset more variety in their exchanges on ShapeShift." said ShapeShift Founder and CEO Erik Voorhees. "We are excited to begin the Tether integration with tether USD₮ and look forward to adding all the new currency tether tokens in the future."

The integration of tether will enable the company to expand further as tether is linked to various other digital currencies. While explaining the benefits of the tether cryptocurrency, Shapeshift team said in a statement:

"Beginning with the integration of tether USD₮, ShapeShift intends to add other tether currencies such as tether EUR₮ and tether JPY₮ as well as provide exchange between the full list of ShapeShift-supported cryptocurrencies in the near future. As the digital currency ecosystem continues to rapidly grow, integration between platforms is accelerating. ShapeShift.io has risen quickly as the most convenient way to buy or sell the leading digital assets. Tether's fiat-backed token, along with Bitcoin, Litecoin and Dash, can now be bought and sold on the exchange site."