- The launch on Algorand brings the number of blockchains running Tether to five.
- “Extending Tether into the Algorand ecosystem is a fantastic opportunity,” Algorand CTO.
The leading stablecoin. Tether announced on July 17 that it was going to launch on another blockchain referred to as Algorand. The launch will bring the number of blockchains Tether executes on to five. The other blockchains include Ethereum, Omni, Tron, and EOS.
“Extending Tether into the Algorand ecosystem is a fantastic opportunity for us to further contribute to blockchain interoperability and collaboration,” stated the CTO of Tether Paolo Ardoino.
Tether said in regards to the collaboration:
“Algorand is an excellent team very much aligned with ours; we are proud to take this next step with them. We are very excited about the potential this enables for other projects in the decentralized ecosystem and we eagerly await working closely with many of them in the future.”
Tether has been in existence since 2014 but started trading on cryptocurrency exchanges in February 2015. The stablecoin has been widely accepted by cryptocurrency exchanges due to its ability to remain as stable as other fiat currencies.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
Latest Crypto News & Analysis
Editors’ Picks
ChainLink Price Analysis: LINK sees a 23% price bounce and it’s eying up $10
-637336005550289133_Small.jpg)
ChainLink has established a robust daily downtrend with bulls unable to come back. The digital asset is still up almost 500% since its 2020-low at $1.51.
Top 3 Coins Price Prediction Bitcoin, Ethereum and XRP: Bulls hold at threshold, ready for takeoff
The cryptocurrency market has had an eventful week, with most actions resulting in losses. The bleeding was not selective; hence major cryptos, altcoins and decentralized finance (DeFi) tokens explored levels below key support areas.
Central Banks move to crypto in the effort to retain control over the monetary system
Central bankers worldwide have started to realize that the era of fiat is coming to an end. Digitalization is the future, and the process of digitalization is infiltrating all spheres of life, including money.
Bitcoin is allergic to the US presidential elections and immune to the COVID-19 vaccine
Over a week ago, the author of Rich dad, poor dad, Robert Kiyosaki, said that Bitcoin would crash when a COVID 19 vaccine would be approved. Many people caught up the narrative, based on the assumption that Bitcoin is used as a safe-have asst and would go don once the market sentiments improve.
Bitcoin Weekly Forecast: BTC crystal ball gives bulls a faint flicker of hope
Bitcoin staged a healthy recovery this week. The pioneer digital currency price took off from the support area of $10,000 and touched the next psychological line of $11,000.