Australia's first crypto-friendly IPO will accept Tether

Cointelegraph

Published Oct 29, 2020 01:12AM ET

Updated Oct 29, 2020 03:00AM ET

Australia’s crypto-friendly capital raising platform Stax has announced its client West Coast Aquaculture Group (WCA) will be conducting the country’s first initial public offering that accepts virtual currency as payment.

Investors participating in WCA’s offering can purchase equity in the company using Tether (USDT) or Australian dollars. USDT was chosen over Bitcoin (BTC) and Ethereum (ETH) due to its price stability.

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