Tether.to, the first blockchain-enabled platform to facilitate the use of fiat currencies in a digital manner, is working to disrupt the legacy financial system through a more modern approach to money.
After the success of their Bitcoin-based USDTether, they have now announced the development of the first Ethereum-based Tether, compatible with the ERC20 standard in collaboration with Ethfinex on September 11, 2017.
Tether has already attracted users with the ability to transact with traditional currencies across the blockchain, without any fear of volatility and complexity of a cryptocurrency.
Kasper Rasmussen, Ethfinex says that, "Ethfinex has collaborated on the deployment of the ERC20 Tethers. The team has contributed to the project through smart contract development and will work to integrate the ERC20 tokens on our exchange as a mechanism for funding and fiat trading.
“We see Tether as a crucial piece of public infrastructure for the Ethereum community and associated DApps. We are extremely excited about the possibilities this will enable for many other projects in the Ethereum ecosystem, and we look forward to working closely with many of them in the future.” Commented Will Harborne, Project Lead at Ethfinex.
“We continue to be committed to the Ethereum community, and we are excited to continue the development of tools and products which contribute to the widespread adoption of Ethereum.”
The Ethfinex Roadmap can be found here.
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