Bitcoin.com founder and Bitcoin Cash advocate Roger Ver has announced Tether could be expanded to the BCH blockchain:
"There's already a couple of stablecoins on Bitcoin Cash but the world's biggest stablecoin so far has been one called Tether. [...] A little birdie told that that's about to launch on top of Bitcoin Cash and SLP as well."
According to Ver, Tether is in high demand, even in China, where cryptos are currently banned:
"Even in China, people use Tether to buy and sell and pay for things. I think it's the example of how useful blockchains have been."
However, Ver has highlighted BCH is actually a separate asset. Meanwhile, Tether, which is pegged to the US dollar, carries counterparty risk.
Tether was released on the Algorand blockchain last week. The stablecoin is also compatible with Ethereum, EOS, Liquid Network, Omni and TRON.
The developers of the stablecoin are constantly working on improvements. For example, iHodl reported in January that Tether had released Tether Gold, a stablecoin pegged to gold.
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