Tether (USDT) to Launch on Top of Bitcoin Cash (BCH) Blockchain

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Tue, 02/18/2020 - 14:45
Alex Dovbnya
Tether (USDT), the world's leading stablecoin, is coming to Bitcoin Cash (BCH), according to Roger Ver
Tether (USDT) to Launch on Top of Bitcoin Cash (BCH) Blockchain
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Bitcoin.com CEO Roger Ver recently revealed that Bitcoin Cash (BCH) is expected to add Tether (USDT), the flagship stablecoin, to its blockchain. 

"There's already a couple of stablecoins on Bitcoin Cash but the world's biggest stablecoin so far has been one called Tether. [...] A little birdie told that that's about to launch on top of Bitcoin Cash and SLP as well." 

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A perfect fit 

Ver mentioned that USDT has plenty of users all over the world, including China where Bitcoin (BTC) and other cryptocurrencies remain officially banned. 

"Even in China, people use Tether to buy and sell and pay for things. I think it's the example of how useful blockchains have been."

However, Ver noted that BCH actually represents a separate asset. Meanwhile, Tether, which is pegged to the US dollar, carries counterparty risk.  

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More blockchains 

Tether was initially issued on the Omni layer of the Bitcoin blockchain. In September 2017, the leading stablecoin issuer also introduced Ethereum-based USDT tokens and later started moving to more obscure blockchains, including Tron and EOS.

Back in January, it also made an announcement about issuing the USD-pegged cryptocurrency on Algorand. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.