Tether’s
USDt Launches on Its Seventh Blockchain
Tether’s USDt stablecoin has
launched on the Bitcoin Cash (BCH) blockchain via the Simple Ledger Protocol
(SLP). The launch sees the stablecoin enter its seventh blockchain, as it’s
already live on Omni, Ethereum. Algogrand, the Liquid Network, EOS, and TRON.
According to Tether’s treasury data, over 5.7 billion USDt
tokens are now in circulation, with 3.7 billion tokens circulation on the ETH
blockchain. On Omni, 1.5 billion are currently in circulation, while on TRON
there are 762 million tokens.
Paolo Ardoino, Tether’s CTO,
said:
“Our latest collaboration with Bitcoin Cash
will provide Tether with a variety of benefits. We expect the adoption after
launch to be pretty easy for any integrator. The launch will also support
more applications on the Bitcoin Cash chain, with Tether facilitating payment
for these applications.”
Tether, it’s worth noting, has
launched a gold-backed stablecoin earlier this year called Tether Gold (XAUt). The gold-backed cryptocurrency’s
market cap surpassed $21 million earlier this month.
