In line with a recent official press-release, Tether [USDT] has declared that it’s partnering with Eos [EOS] parent company named ‘Block.one’ to launch its stablecoin ‘USDT’ on the Eos blockchain [EOSIO].
As per the announcement, USDT developed the Tether EOS based smart contract, that has been sent to the Eos account tethertether and peer-reviewed by the Canadian branch of Eos. Tether Eos is reportedly well-suited for p2p [Peer-to-Peer] micro-transactions, because of its delegated PoS [Proof-of-Stake] style.
Tether’s CEO, Jean-Louis van der Velde, stated that this expansion of the coin to the Eos blockchain offer much higher interoperability.
As ‘reported‘ earlier this week, renowned U.S.-based cryptocurrency exchange and wallet service provider ‘Coinbase’ announced trading and storage support for the Eos token. Eos is notably one of the foremost circulated tokens that has been listed by several exchange in recent times, boasting a market capitalisation of around $8 Bln.
Additionally, USDT is also in the middle of a ‘case‘ versus the NYAG [New York Attorney General] named ‘Letitia James’, who alleged crypto exchange Bitfinex and Tether of defrauding the New York investors via an enormous $850 Mln loss concealing. Bitfinex lawyers later moved to ‘dismiss‘ the case on grounds of unsuitable jurisdiction and matter..