Tether issues its stablecoin on the Bitcoin Cash network

US, WASHINGTON (ORDO NEWS) — The Tether company will use the Simple Ledger protocol based on Bitcoin Cash to issue USDT tokens on its network.

After Omni, Ethereum, EOS, TRON , Liquid Network and Algorand, the stable Tether cryptocurrency (USDT) will finally also enter the Bitcoin Cash network, reports Bitcoin.com.

The popular issuer of stablecoins will use the Simple Ledger protocol which allows you to easily create and launch tokens on Bitcoin Cash.

One of the main strengths of Tether is that it draws on a rich diversity of different blockchains. Our latest collaboration with Bitcoin Cash will provide Tether with a variety of benefits,” commented Paolo Arduino, chief technology officer at Tether.

Tether (USDT) , the majority of which are based on Ethereum to date, has a market capitalization of more than $ 4.6 billion, placing stablecoin in 4th place in the cryptocurrency ranking just behind XRP.

It is extremely exciting to hear that the world’s largest stablecoin is turning to the Bitcoin Cash blockchain and that millions of Bitcoin.com wallet holders will be able to send and receive Tether using SLP tokens,” added Roger Ver, the director of Bitcoin.com.

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