Express

Tether Now Available On Ethereum Sidechain OMG Network

Janelle Fox

Summary: Bitfinex’s Tether (USDT) stablecoin has integrated with the newly launched plasma-based Ethereum sidechain, OMG Network, formerly known as OmiseGo. According to an announcement on Monday, this is the first time that Tether has integrated with an Ethereum sidechain to increase performance. Tether is the biggest “gas guzzler” on the Ethereum network at 8,900 ETH (around ...

Bitfinex’s Tether (USDT) stablecoin has integrated with the newly launched plasma-based Ethereum sidechain, OMG Network, formerly known as OmiseGo.

According to an announcement on Monday, this is the first time that Tether has integrated with an Ethereum sidechain to increase performance. Tether is the biggest “gas guzzler” on the Ethereum network at 8,900 ETH (around $1.84 million) in fees spent last month, according to ETH Gas Station.

By Janelle Fox

Last Update:

Tags: ,,,,,
Link: Tether Now Available On Ethereum Sidechain OMG Network   [Copy]
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 8 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 9 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • You need to login to comment.