As announced yesterday on Tether‘s official Twitter profile, from now on it will be possible to spend USDT stablecoins thanks to a partnership with Bitrefill.
Find out more ⬇️https://t.co/vcrhBI6mF5
— Tether (@Tether_to) February 11, 2021
Tether, the ERC20 version on Bitrefill
Tether, the ERC20 version of the token, i.e. the one based on Ethereum, has been integrated into Bitrefill. Tether, in fact, is based on several blockchains including Omni, Tron, EOS, Bitcoin Cash, Algorand and Ethereum. And only this version will be supported by Bitrefill.
What is Bitrefill?
This company focuses on gift cards and prepaid card refills to enable crypto payments to be made on Amazon, Steam, Deliveroo, Zalando and so on. Basically, it’s a bridge to allow cryptocurrencies to be accepted even on ecommerce sites that wouldn’t otherwise accept crypto payments. Bitrefill then takes care of sending fiat currency to merchants, exchanging the cryptocurrencies sent for payments.
The latest news on Tether
USDT is the stablecoin with the largest market capitalization and in fact on websites such as CoinMarketCap we currently find it in third place only after Bitcoin and Ethereum.
A few days ago Tether surpassed $30 billion in market cap, while on January 25th it recorded a whopping $25 billion in market cap. January also set a new record for Tether on the Tron blockchain, where there are around 9 billion USDT.
The blockchain with the most USDT remains Ethereum with over 15 billion.
In mid-January, there were rumours of further problems for Tether given the lawsuit with the New York prosecutor, but this seems not to have caused any damage to the reputation of the stablecoin which still remains the most widely used and sets new records every day.
Tether is a real reference in the crypto sector, so questions related to its security are of course fundamental to this world, as Paolo Ardoino, CTO of Tether, explained in an interview for The Cryptonomist.