Tether Issues Tokenized Dollars and Euros on Ethereum Platform

Tether Limited, issuing the USDT token, has issued two more coins. This time, the USD₮ and EUR₮ tokens were created on the basis of the ERC20 standard for the Ethereum network. It is reported that the new cryptocurrency will be backed up by the fiat dollar and euro. The official issue, distributed by the company, emphasizes that Ethereum tokens will provide users with the opportunity to transfer tokenized dollars and euros into the Ethereum network. It is emphasized that transactions with new coins will be conducted with less commissions, while the speed of operations will be significantly increased (less than a minute).

The company claims that new tokens are already used by some partner cryptocurrency exchanges. So, the work with the new contracts was successfully tested by Zeppelin Audits, and its specialists confirmed the absence of critical network problems that could hamper its use. Tether has already eliminated the minor shortcomings and released an update. Note that the decision of Tether Limited to create and switch to a new platform was made after a number of hacker attacks, as a result in which more than $30 million was stolen by fraudsters.


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