Tether’s USDT Stablecoin is Now Available on OKX Chain

Leading cryptocurrency exchange OKX has announced that Tether’s USDT stablecoin, the EURT Euro-pegged stablecoin, and Tether Gold (XAUT) are now available on OKX Chain, a high-performance, open-source smart contract platform backed by OKX. Efficient And Affordable On-Chain Trading According to a press release from today, the collaboration between Tether and OKX Chain will provide smarter, more efficient, and more affordable on-chain trading for users. This will not only reduce the cost of making deposits and withdrawals but will also enable greater speeds. This essentially means that users would enjoy faster USDT transfers with an average cost per transaction of just $0.0001. The fact that Tether has officially issued a licensed smart contract to OKC means that USDT investors will have greater security when trading on OKC. Commenting on the development, Lennix Lai, Director of Financial Markets, OKX, said: “Tether only lists USDT on some of the most prominent and successful public blockchains in the world, so we are delighted to welcome USDT to OKX Chain.” Connecting To The Cosmos Ecosystem Additionally, OKC’s EVM compatibility will allow connecting USDT with Cosmos. This would mark the first time USDT has been officially issued to a Cosmos-powered ecosystem. This enables users to participate in the IBC/Cosmos ecosystem with only their OKX Wallet, without the need to download a separate wallet extension. “OKX Chain is one of t...