Tether’s USDT is the world’s first stablecoin to launch on Algorand 2.0. Describing Algorand 2.0 as the world’s first permissionless, proof of stake (POS) blockchain, the press release states that Algorand will be very beneficial to Tether.
According to Tether CTO Paolo Ardoino, the partnership between the two will directly impact the USDT community. Ardoino said:
“Tether and Algorand both share a desire to keep building next-generation financial products and we feel our growing customer base will appreciate and benefit greatly from this collaboration.”
In June last year, Algorand ran a token sale that raised $60 million.
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