Bitcoin Cash will release Tether on its blockchain

During an interview posted on Youtube, Roger Ver revealed that the stablecoin USDT Tether will be releasedon the Bitcoin Cash blockchain.

According to an investor, USDT Tether will soon betokenized thanks to the SLP (Simple Ledger Protocol), bringing a $4 billion ecosystem to the Bitcoin Cash blockchain. A new feature called “Dividend Calculator” will be added to it, which allows you to automatically distribute dividends among token holders. Thanks to the SLP protocol, the network will be able to generate colored Bitcoin Cash coins – alternative currencies that users can exchange within the network.

Tether is currently the most popular stablecoin on the industry's largest exchanges: Bitfinex, ShapeShift, Bittrex, Binance and Poloniex.

The growth in the market capitalization of a stable currency is mainly due to the use of Tether as a risk management and hedging tool.

Recall that over the past two years, USDT has been released on several blockchains – Ethereum, TRON, Algorand, EOS, Liquid Network and Omni.