Tether launches on Avalanche

Tuesday 18 May 2021 12:34 CET | News

Tether, a company operating the blockchain-enabled platform, has announced launching Tether tokens (USDt) on Avalanche, an open-source platform.

Avalanche is a decentralized smart contracts platform built for the scale of global finance. The protocol is designed as a scalable ecosystem with the aim of delivering near-instant transaction finality while levying low transaction fees that are fractions of a cent. Avalanche is compatible with Solidity, a programming language, primarily used on Ethereum. This enables Ethereum developers to build decentralised apps (DApps).

USDt is a stablecoin with a market capitalisation of USD 58 billion, having added USD 37 billion since January 1, 2021. USDt works across a diversity of different blockchains, including Algorand, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Tron, and Solana. 

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Keywords: Token, blockchain, transactions , Ethereum, stablecoin, Bitcoin
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: World
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Blockchain & Cryptocurrencies

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