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

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Tue, 18/02/2020 - 14:45
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. 

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"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. 

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