\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n
As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n
With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2268,"post_author":"1","post_date":"2021-11-13 18:10:50","post_date_gmt":"2021-11-13 07:10:50","post_content":"\n
Tether has announced that its stable coin, $USDT, is now available on the Avalanche network.<\/p>\n\n\n\n
Months after the initial plans to expand the USDT stable coin support to Avalanche blockchain, popular stable coin issuer Tether has launched its dollar-pegged cryptocurrency on the eco-friendly network.<\/p>\n\n\n\n
With the Avalanche launch, users can now transfer the largest stable coin by market cap at a lower cost, instantaneously. Tether\u2019s CTO, Paolo Ardoino adds:<\/p>\n\n\n\n
\u201cWe\u2019re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stable coin in the digital token space.\u201d<\/p>\n\n\n\n
The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n
\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n
Why The Avalanche Network?<\/h2>\n\n\n\n
Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n
Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n
The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
