South Korea Regulator Urges Bithumb to Suspend Tether (USDT) Market as Exchange Reorganizes for Stability

COINOTAG News, citing DL News, reports that Bithumb is being urged by South Korea’s financial regulator to suspend its Tether market service. The platform enables USDT-denominated trading of Bitcoin and nine high‑capitalization altcoins, while these assets remain tradable on the KRW market.

Bithumb notes the service is in beta and operates under an order book sharing arrangement with Stellar, highlighting ongoing testing and cross‑network interoperability.

Because of system maintenance, the exchange has scheduled a temporary shutdown of the Tether market at 11:00 am Korea time on November 28 to reorganize for a more stable and advanced trading environment. Updates on the reopening schedule will be provided separately.