tether algorand blockchain
Tether Stablecoin Is Now Available On Algorand Blockchain
February 11, 2020
tether algorand blockchain
Tether Stablecoin Is Now Available On Algorand Blockchain
February 11, 2020

Stablecoin operator, Tether launched its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake (PoS) blockchain.

On Feb. 10, a press release stated that USDT on Algorand will feature confirmation times as low as four seconds and transaction fees of a fraction of a percent.

Tether chief technical officer Paolo Ardoino said:

“Our latest collaboration with Algorand leverages the speed and security of Algorand’s protocol to give traders fast settlement and reduced counterparty risk in their fiat to digital asset transactions.”

USDT Algorand blockchain

As per the release, Tether is the first stablecoin that launched on Algorand’s blockchain. As of now, USDT has already launched on:

  • Ethereum
  • EOS
  • the Liquid Network
  • Omni 
  • Tron

USDT is the leading stablecoin on the market. According to CoinMarketCap as of press time it has a market value of $4.6 billion and reports a 24-hour trading volume of $46.1 billion.

ALSO READ :  CoolBitX Founder Says Regulators In Asia Are Leading The Way For FATF Travel Rule

Source: Cointelegraph.com


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
Share This

Share This

Share this post with your friends!