Tether USDT Are Now Available on OKC
We’re excited to announce that Tether, the largest stablecoin by market capitalization among more than 100 chains, only issues USDT on the top 12 public chains, and OKC is now one of them. In addition to USDT, URT (European-pegged Tether stablecoin) and XAUT (Tether Gold) will be available on OKC, respectively.
OKC is a fast (TPS over 4000) and super low gas fee (average transaction fee 0.0004 USD) open-source platform; launching USDT — as well as Tether’s euro-pegged and gold-pegged stablecoins — on the blockchain significantly reduces the costs of deposits and withdrawals on OKX.
Additionally, USDT became the first official stablecoin issued in the Cosmos-powered ecosystem. Once OKC enables the IBC protocol, OKC will have great opportunities to collaborate with Cosmos-based projects to cross-chain USDT securely and cheaply into their chain and ecosystem.
OKC is one of the few chains at the intersection of Ethereum and Cosmos. It is 100% EVM compatible yet built with Cosmos SDK, allowing the users to enjoy the benefit of both ecosystems. Without a doubt, this is OKC’s contribution to the industry!
Tether is the preeminent stablecoin with the biggest market capitalization, surpassing all rival offerings combined. Created in October 2014, Tether has grown to become the most traded cryptocurrency. Tether is disrupting the legacy financial system by offering a more modern approach to money. By introducing fiat currency-digital cash to bitcoin, Ethereum, EOS, Liquid Network, Omni, Tron, Algorand, and Solana blockchains, as well as smart contract platform, Avalanche, Tether makes a significant contribution to a more connected ecosystem. Tether combines digital currency benefits, such as instant global transactions, with traditional currency benefits, such as price stability. With a commitment to transparency and compliance, Tether is a fast and low-cost way to transact with money.
OKC is a secure & programmable smart contracts platform for next-generation decentralized applications, backed by OKX, one of the largest crypto exchanges.
The technology built into the chain was designed for high-performance Dapps with lower cost, making it a great match for many DeFi protocols, NFTs, and other Metaverse applications.
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