Investors can now fund their Upstream accounts with Tether (USDT)
By Andrew Le Gear, Chief Technology Officer
At Upstream, a MERJ Exchange market, we are constantly innovating to provide our users with the best possible experience. Today, we are excited to announce a new feature in our Upstream software product: USDT Deposits. This feature is designed to make your transactions smoother and more efficient, leveraging the power of cryptocurrency to enhance your trading experience.
How It Works
Depositing USDT into your Upstream account is a straightforward process. Here’s a step-by-step guide to get you started:
- Export Your Upstream Wallet Address: Begin by exporting your Upstream wallet address. This is the address where you will receive your USDT.
- Import to Metamask: Next, import your Upstream wallet address into your Metamask wallet. Metamask is a popular cryptocurrency wallet that allows you to manage your digital assets securely.
- Transfer USDT: Transfer USDT from your personal wallet to the imported wallet address in Metamask.
- Final Transfer: Finally, transfer the USDT from the imported wallet address to usdt.upstreambridge.eth.
Important Note: Upstream only accepts USDT deposits from addresses that match existing Upstream app wallet addresses. This ensures the security and integrity of your transactions.
Similar Feature: USDC Deposits
We understand that flexibility is key for our users. That’s why we also offer a similar feature for USDC deposits. This allows you to choose the cryptocurrency that best suits your needs. While you cannot withdraw via USDT, you can easily withdraw from Upstream to USDC. For more information on how to withdraw Upstream funds back to USDC, please visit our Support Center.
The Merits of Crypto Deposits Over Fiat
One of the significant advantages of being able to deposit dollars to Upstream via crypto rather than fiat is the speed and efficiency of transactions. Cryptocurrency transactions are typically faster and more cost-effective than traditional bank transfers. This is particularly beneficial for users who need to make quick deposits to take advantage of market opportunities.
Additionally, using crypto for deposits provides a higher level of security. Blockchain technology ensures that all transactions are transparent and immutable, reducing the risk of fraud and ensuring that your funds are safe.
Moreover, the ability to use USDT and USDC for deposits aligns with the growing trend of digital finance. As more people adopt cryptocurrencies, having the option to use these digital assets for deposits makes Upstream a more versatile and future-proof platform.
Conclusion
The introduction of USDT deposits is a testament to our commitment to providing innovative solutions that meet the evolving needs of our users. By offering this new feature, we aim to enhance your trading experience, making it more convenient, secure, and efficient.
Stay tuned for more updates and features from Upstream. We are dedicated to continuously improving Upstream to ensure it remains at the forefront of digital trading technology.
Feel free to reach out if you have any questions or need further assistance with the new USDT deposit feature. Happy trading!
Note: U.S. persons may not deposit, buy, or sell securities on Upstream.
Disclaimers:
U.S. persons may not deposit, buy, or sell securities on Upstream. Anyone may buy and sell Collectibles on Upstream.
This communication shall not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not permitted. Collectibles have no royalties, equity ownership, or dividends. Collectibles are for utility, collection, redemption, or display purposes only. Anyone may buy and sell Collectibles on Upstream. All orders for sale are non-solicited by Upstream and a user’s decision to trade securities must be based on their own investment judgment.
Upstream is a MERJ Exchange market. MERJ Exchange is a licensed Securities Exchange, an affiliate of the World Federation of Exchanges, a National Numbering Agency, and a member of ANNA. MERJ is regulated in the Seychelles by the Financial Services Authority, https://fsaseychelles.sc/, an associate member of the International Association of Securities Commissions (IOSCO). MERJ supports global issuers of traditional and digital securities through the entire asset life cycle from issuance to trading, clearing, settlement, and registry. It operates a fair and transparent marketplace in line with international best practices and principles of operations of financial markets. Upstream does not endorse or recommend any public or private securities bought or sold on its app. Upstream does not offer investment advice or recommendations of any kind. All services offered by Upstream are intended for self-directed clients who make their own investment decisions without aid or assistance from Upstream. All customers are subject to the rules and regulations of their jurisdiction. By accessing the site or app, you agree to be bound by its terms of use and privacy policy. Company and security listings on Upstream are only suitable for investors who are familiar with and willing to accept the high risk associated with speculative investments, often in early and development-stage companies. U.S. persons may not deposit, buy, or sell securities on Upstream. There can be no assurance the valuation of any particular company’s securities is accurate or in agreement with the market or industry comparative valuations. Investors must be able to afford market volatility and afford the loss of their investment. Companies listed on Upstream are subject to significant ongoing corporate obligations including, but not limited to disclosure, filings, and notification requirements, as well as compliance with applicable quantitative and qualitative listing standards.
Collectible products are akin to a digital sticker of an underlying artwork and should not be considered a financial investment; a security token, an e-money token, or a form of digital currency. Collectibles should not, therefore, be purchased by anyone seeking financial gain or with an expectation to profit from the purchase, ownership in the entity, dividends or distributions, sale or resale of a Collectible. By buying a Collectible, you agree that you are not doing so for investment purposes or for the purposes of obtaining a security or an appreciating asset. You understand that the benefit you receive for buying a Collectible is limited to supporting athletes, celebrities and other brands. You also acknowledge that ownership of a Collectible does not carry with it any rights, express or implied, including (without limitation) copyright, trademarks or other intellectual property or proprietary rights in and to the underlying artwork. The copyright to the digital artwork remains with the copyright holder.
Forward-Looking Statements
This communication contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) difficulties in obtaining financing on commercially reasonable terms; (ii) changes in the size and nature of our competition; (iii) loss of one or more key executives or brand ambassadors; and (iv) changes in legal or regulatory requirements in the markets in which we operate. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.