Ethereum Network Now Supports Tether-Issued USDT and EURT Tokens

[kreslik.news]

Tether recently announced the introduction of both USDT and EURT tokens on the Ethereum blockchain.

The company cites the efficiency, low transaction times and low fees of the Ethereum blockchain as the reason for this introduction.

The announcement reads: “Following the widespread success of our Bitcoin-based USD Tether, issued via the Omni Layer Protocol, we have today launched and issued both US Dollars and Euros as Ethereum-based Tether, compatible with the ERC20 standard. The Ethereum-based Tether allows for tokenized USD and EUR to be transferred over the Ethereum network. This enables interoperability with Ethereum-based protocols and Decentralised Applications (DApps) whilst allowing users ... (read more)