Huobi Global to add support for ERC20 Tether

Huobi global has added the Etherum-based version of Tether on top of its traditional Bitcoin-based, Omni Protocol form.
Tether had released an ERC20 version of their token because it is interoperable with the dApps and protocols hosted on the Ethereum blockchain.

Rajarshi Mitra Independent Analyst

Huobi Global, one of the top crypto exchanges in the world, announced that they are going to add support for Ethereum-based Tether (USDT) on top of its Bitcoin-based typical Omni Protocol form as well. Livio Weng, the Chief Executive Officer (CEO) of Huobi Global, said:

“By offering services for ERC20 Tether, we want to make the trading experience easier for both retail and institutional traders. This is just one more way we’re seeking to enhance user experience and better serve the trading community.”

Paolo Ardoino, Chief Technology Officer of Tether, said:

"We regard Tether as a crucial infrastructure component for a thriving blockchain ecosystem and it is brilliant to witness its growing adoption. Ethereum-based Tether represents a fantastic opportunity to facilitate the adoption of blockchain technologies, specifically the Ethereum network, and displays our continued commitment to providing our users with a suite of highly-useful trading products."

Tether had released an ERC20 version of their token because it is interoperable with the dApps and protocols hosted on the Ethereum blockchain.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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