Tether to Issue USDT Stablecoin on EOS Blockchain
Main page News, Fintech, Blockchain, Tether, EOS, Stablecoins

The issuer of USDT stablecoin Tether Limited has announced the addition of EOSIO to the list of blockchain networks that are now supported by Tether.

The Tether EOS smart contract was reportedly created by Tether and has been deployed to EOS account "tethertether," and peer-reviewed by EOS Canada.

Thanks to the innovative use of Delegated Proof-of-Stake, networks using the EOSIO software address the fee structure and scalability concerns seen across other blockchain networks, notes the official announcement.

Chief Executive Officer of Tether, Jean-Louis Van der Velde, says combining the potential of both Tether and EOSIO "is a further step towards blockchain interoperability and being on the forefront of this development is a fantastic feeling which further highlights our dedication to the maturation of the digital asset space."

Earlier in April, Tether Limited revealed the issue the first fiat-backed USDT tokens on the TRON blockchain network.

Moreover, the U.S.-based cryptocurrency exchange Coinbase recently announced support for EOS (EOS) at Coinbase.com and in the Coinbase Android and iOS apps.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error