Express

USDT Becomes First Stablecoin To Launch On Algorand Blockchain

Ramsey Baker

Summary: Tether, the leading stablecoin operator, has now released its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake (PoS) blockchain, according to a press release. On Monday, Tether announced that USDT on Algorand would feature confirmation in as fast as four seconds and transaction fees of a fraction of a percent. USDT is now the first ...

Tether, the leading stablecoin operator, has now released its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake (PoS) blockchain, according to a press release.

On Monday, Tether announced that USDT on Algorand would feature confirmation in as fast as four seconds and transaction fees of a fraction of a percent. USDT is now the first and only stablecoin to have launched on Algorand’s blockchain.

By Ramsey Baker

Last Update:

Tags: ,,,
Link: USDT Becomes First Stablecoin To Launch On Algorand Blockchain   [Copy]
Next:

Related Articles

  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 9 hours ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 15 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 22 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 26 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 29 days ago

    • You need to login to comment.