Seeking Alpha
2021-11-10 19:49:41

Tether tokens go live on DeFi platform Avalanche for low transaction fees

Stablecoin Tether (USDT-USD) tokens goes live on Avalanche (AVAX-USD), a programmable smart contracts platform for decentralized applications, the company says in a release. Avalanche (AVAX-USD) is the 14th largest crypto by market cap as it trades near all-time highs of $91.18 per token from Sunday, now down slightly to $88.0, according to data from CoinMarketCap. The launch will provide traders with a fast, cost-effective way to transfer Tether (USDT-USD) across different exchanges and trading platforms. "USDt holders can now use the Avalanche network to send Tether USDt to experience low transaction fees that are fractions of a cent," the company said via tweet. In other crypto-related news, the world's largest digital coin, Bitcoin (BTC-USD), marked new record highs of $69.3K earlier on Wednesday, but has since pulled back to $67.3K as a "dormant address containing 2,207 #BTC (150,512,129 USD) has just been activated after 8.1 years (worth 294,287 USD in

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