Market News
- OKX has announced that Tether’s USDT, EURT, and XAUT are now accessible on OKX Chain (OKC).
- Using Tether and OKX Chain’s partnership, users can trade on-chain more efficiently and affordably.
- OKC and EVM interoperability link USDT and Cosmos.
Cryptocurrency trading platform OKX has announced that Tether’s USDT stablecoin, the EURT Euro-pegged stablecoin, and Tether Gold (XAUT) are now available on OKX Chain (OKC).
The introduction of USDT on OKC not only lowers the fees associated with making deposits and withdrawals but also allows much faster processing times. Users can make speedier transfers of USDT at an average cost of only $0.0001 per transaction as a result of this development.
Because Tether has officially granted a licensed smart contract to OKC, investors in USDT may now trade on OKC with a higher level of peace of mind. OKX Chain is now the 12th public chain to feature Tether, one of the world’s biggest stablecoins by market valuation.
The interoperability of OKC with EVM makes it possible to link USDT with Cosmos. As a result of OKX’s partnership with Tether, it is now officially possible for a Cosmos-powered ecosystem to receive USDT for the very first time.
As a result of the cooperation, not only will USDT be added to the OKX Chain but also EURT and Tether Gold will be added to the OKX blockchain. Tether Gold is a digital currency that is backed by genuine gold, in contrast to EURT, which is a stablecoin that is tethered to the Euro.
Paolo Ardoino, CTO, Tether, said:
The launch of Tether on OKC marks its debut on a Cosmos EVM chain. We are excited to collaborate with OKX to support the growth of OKX Chain across many new use-cases.
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