USDT will be available in 24,000 ATMs🏧 in Brazil🇧🇷 from Nov. 3 to enable conversion from USDT to Brazilian reals and vice versa.
Tether, the firm behind the largest stablecoin according to market cap, announced on Thursday that USDT would be available in 24,000 ATMs in Brazil from Nov 3, 2022.
SmartPay, the local crypto service provider, will launch USDT in the ATMs. The motive of SmartPay behind integrating USDT is to provide millions of people with the opportunity and access to the digital currency ecosystem and new financial revolution.
⁉️ What will Tether ATM facilitate?
A crypto ATM is a facility that allows people to exchange their cryptocurrency for fiat. In the case of Brazil, the citizens will be able to use the ATM to convert their USDT to Brazilian reals and vice versa.
The citizens will also be able to send and receive Tether tokens anywhere in the world, whenever they want, and withdraw Reais in Brazil.
Tether, the firm behind the largest stablecoin according to market cap, announced on Thursday that USDT would be available in 24,000 ATMs in Brazil from Nov 3, 2022.
SmartPay, the local crypto service provider, will launch USDT in the ATMs. The motive of SmartPay behind integrating USDT is to provide millions of people with the opportunity and access to the digital currency ecosystem and new financial revolution.
⁉️ What will Tether ATM facilitate?
A crypto ATM is a facility that allows people to exchange their cryptocurrency for fiat. In the case of Brazil, the citizens will be able to use the ATM to convert their USDT to Brazilian reals and vice versa.
The citizens will also be able to send and receive Tether tokens anywhere in the world, whenever they want, and withdraw Reais in Brazil.
Tether Operations Limited ("Tether"), the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization, announced today the launch of Tether tokens ("USD₮") on Polkadot, a decentralized, open-source blockchain platform.
The addition of Tether to the Polkadot ecosystem is another milestone from the industry’s leading stablecoin as it continues to increase its presence in decentralized ecosystems. It will alleviate the potential adverse effects associated with market volatility and provide a stable currency to generate yield, and move in and out of the network.
"We’re delighted to launch USD₮ on Polkadot, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space," said Paolo Ardoino, CTO at Tether.
The launch of USD₮ on Polkadot further highlights Tether's dedication to pioneering collaboration and interoperability within the growing digital asset space.
The addition of Tether to the Polkadot ecosystem is another milestone from the industry’s leading stablecoin as it continues to increase its presence in decentralized ecosystems. It will alleviate the potential adverse effects associated with market volatility and provide a stable currency to generate yield, and move in and out of the network.
"We’re delighted to launch USD₮ on Polkadot, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space," said Paolo Ardoino, CTO at Tether.
The launch of USD₮ on Polkadot further highlights Tether's dedication to pioneering collaboration and interoperability within the growing digital asset space.
🚀 Tether launches yuan-based stablecoin on Tron network
According to information on the Tether website, there is a total of 20.5 million CNH₮ in circulation at the time of writing. Another ~4.5 million yuan-based stablecoins are being prepared for release.
The company began issuing ERC-20 CNH₮ in September 2019. Then some experts expressed fears that the launch of the asset would provoke a conflict with the Central Bank of China.
Recall that in early November, the largest stablecoin USDT deviated from the target level of $1 by 3%. Tether's CTO explained the incident as a glitch and urged the community not to panic.
According to information on the Tether website, there is a total of 20.5 million CNH₮ in circulation at the time of writing. Another ~4.5 million yuan-based stablecoins are being prepared for release.
The company began issuing ERC-20 CNH₮ in September 2019. Then some experts expressed fears that the launch of the asset would provoke a conflict with the Central Bank of China.
Recall that in early November, the largest stablecoin USDT deviated from the target level of $1 by 3%. Tether's CTO explained the incident as a glitch and urged the community not to panic.