Tether's USDT Stablecoin is Now Available on OKX Chain

Efficient And Affordable On-Chain Trading
Connecting To The Cosmos Ecosystem

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 the few public chains that exists at the intersection of Ethereum and Cosmos, which means that users can enjoy the benefits offered by both ecosystems. Tether is one of the most successful stablecoins out there, and we are thrilled to be adding new bridges and trading pairs to help further expand the Tether ecosystem," Lai added.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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Tether's USDT Stablecoin is Now Available on OKX Chain

Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.