The Currency Analytics
By Dan Saada
Tether pTokens Unlocking Cross-Chain Liquidity
Interoperability is promising when it comes to eliminating data-sharing challenges. Interoperability between two blockchains boosts up the momentum of the activities of the…
Token Coin Tweeted: “#Tether is set to launch its new token wrapper project pTokens to develop an #EOS-#Bitcoin interoperability bridge.
Sydney Ifergan, the crypto expert, tweeted: "An Interoperability bridge between EOS-Bitcoin from Tether via pTokens is good because it helps transfer value easily between…
Anytime a token leaves its native blockchain, the bridge will do the job of locking it and issuing similar value to the partner blockchain that is bridged, this helping sustain a…
The pTokens focus on unlocking cross-chain liquidity for the entire cryptocurrency market, thereby making all cryptocurrencies and blockchains compatible with decentralized…
The pTokens system helps in enabling the assets to be moved from their native blockchain to a different host blockchain. The value is Pegged in and then Pegged out.
Paolo Ardoino, in the past, tweeted: "2020 will see many cross-chain gateways being ready for production use.
During the pegged out process, the pToken systems will burn the tokenized asset, further releasing the corresponding asset value on the native blockchain.
The pTokens make unlocking Cross-Chain Liquidity an easy process making it good for mass adoption and improved user experience in Defi.
The story of Tether, as told by Paolo Ardoino at the Crypto Compare Summit last month, is on the internet for those who are interested.