Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder - by Jamie Redman

[nandibear]

Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder
news.bitcoin.com
by Jamie Redman
August 31, 2019

Excerpt:

Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch stablecoins backed by bulk commodities like gold, rubber, and crude oil.

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Read entire article: https://news.bitcoin.com/tether-plans-to-mint-a-digital-yuan-and-commodity-coins-says-bitfinex-shareholder/

About the author: https://news.bitcoin.com/author/jamieredman/

[nandibear]

related article:

ERC20 Tether Transactions Flip Their Omni Equivalent
news.bitcoin.com
by Jamie Redman
August 29th, 2019

Excerpt:

Crypto enthusiasts have noticed that the Ethereum blockchain has come awfully close to reaching capacity due to the added transactions stemming from the Tether (USDT) network. The transaction count since mid-August shows the ERC20 version of tether has surpassed the original version that uses BTC. ERC20 tether transactions cost users more than $260,000 in the last 30 days and the over-saturation of trades is 17X larger than the infamous Crypto Kitties fiasco.

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Read entire article: https://news.bitcoin.com/erc20-tether-transactions-flip-their-omni-equivalent/

About the author: https://news.bitcoin.com/author/jamieredman/