Ledger Wallet, a hardware wallet for digital assets, has added support for Algorand (ALGO) and Algorand Standard Assets (ASA) in addition to the current 1500 tokens.
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According to an official announcement, the wallet's users can now hodl, transact, manage, and stake ALGO directly with their smartphones or desktop via the Ledger Live application.
Ledger can also be used to manage ASA, which includes stablecoins, loyalty points, system credits, and assets based on the Algorand blockchain.
Ledger CEO, Pascal Gauthier, says that integration with the wallet will provide users with additional opportunities "to earn passive income, ensuring the highest level of control and flexibility."
"Algorand’s integration is an important step to widen the array of services offered on Ledger Live in our constant pursuit to provide users with the best crypto experience possible," he added.
Algorand is an open source public blockchain network based on a Proof-of-Stake consensus protocol that supports the scalability and transaction finality.
In June, Algorand Foundation, a not-for-profit organization, announced a collaboration with Circle, a crypto-focused fintech firm, to bring fiat-backed stablecoin USD Coin (USDC) to Algorand blockchain.
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