Altcoins News

Story: Tether Keeps Growing and Rumors on China banning USDT Brewing

By Maheen Hernandez

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Tether recently announced the launch of their tokens on Solana.  Thus, USDT holders will now be able to take advantage of Solana fast speeds greater than 50,000 transactions…

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For clarity, Solana, is an ultra high-speed Layer 1 blockchain.  Following this integration the speed is going to be faster than before.

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It is important to reinstate that in addition to Solana, USDt also supports Algorand, Ethereum, EOS, Liquid Network, Omni, Tron and Bitcoin Cash’s Standard Ledger Protocol.

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Solana is a fast growing blockchain in terms of market capitalization and also usage.

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Paolo Ardoino recently expressed that:  One of the best feelings is seeing people that work with you achieving life goals they worked so hard for.

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In response to Bitfinex, which pointed to $60,000 as being the highest all-time high for BTC, and a further thought on whether BTC will hit $100K in 2021?

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Paolo very firmly believes that it is very hard to compete with Bitcoin.  In the past he has stated that “Bitcoin is the foundational base layer for this ecosystem to…

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However, some of the BTC users are happy and also feel confronted at the same time.  It is noteworthy that several technical indicators are on a higher time frame and bullish.

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The coming of $fUSDT has been an exciting news because it is the first and only official cross-chain $USDT wrapper.

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Paolo expressed his excitement by stating:  Frapped! Slurp! Reliable and affordable cross-chain swaps are a holy grail. Great to see this happening.

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Users will now be able to harness the power of USFT liquidity cross-chain on EVM compatible blockchains.

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The fUSFT contracts are between BSC – Binance Smart chain, Fantom – fUSDT token contract on Fantom blockchain , Multichain – contract audit.

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While all these are happening, some of the news outlets opine that China might target Tether after Digital Yuan Launch – B2C2 Japan CEO.

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Reportedly, Philip Gillespie, the CEO of the crypto liquidity provider B2C2 Japan has expressed that that the Chinese authorities might seek to ban the USD-pegged stablecoin –…

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