According to a press release dated February 10, Tether has launched the USDT stablecoin on the Algorand blockchain.
In a statementit is indicated that the time to confirm a USDT transaction on Algorand will be only 4 seconds, and the commission fees will be only a fraction of a percent. Tether's chief technology officer said:
We use all the advantages of the Algorand protocol so that traders can exchange fiat for digital currencies faster and safer.
Tether – the first stablecoin on the Algorand blockchain. USDT has previously been released on platforms such as Ethereum, EOS, the Liquid Network, Omni and Tron (TRX).
Stable coins are increasingly being accepted inas a means of payment. Recently it was reported that the Travala hotel reservation service has started accepting payments in stable USDT currency. The world's largest porn site Pornhub has also added USDT as a payment method.
Based on materialscointelegraph.com
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Tell me who your friend is and I will tell you who you are. Pornhub added the Tether stablecoin (USDT) to the payment option.