Tether announced integration and implementation on Algorand
Algorand Foundation is excited to share Tether’s announcement about integration with the Algorand protocol
Algorand is the first platform applied to tether with immediate confirmation.
Algorand has the ability to execute up to 1,000 transactions per second, and complete the block in less than 5 seconds, reaching consensus at the same speed with which the block can be propagated throughout the network, Algorand’s transaction throughput is on par with those of large financial payment networks, and potentially scalable securely for billions of users.
The integration and deployment of constraints will provide financial contribution and opportunities for all through a wide range of available decentralized activities.
Tether is an ASA (Algorand Standard Asset), which means it has automatic portfolio support. While currently only a couple of trades support it, this could be a turning point for traders, and could drive a drastic volume shift towards the Algorand chain.
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Independent researcher and consultant, Tech Writer at Blockchain Technology. From Italy