Algorand | Crypto

Tether announced it will discontinue support for its USDT stablecoin on five “legacy” blockchains, including Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. According to the July 11 announcement, the move will become effective Sept. 1, ending redemptions and freezing remaining tokens on those networks. The decision comes as part of what the company […] The post Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand appeared first on CryptoSlate.

The first atomic swap, conducted on May 27, saw $2 million in USDC exchanged for the new mTBILL. German tokenization protocol Midas has launched a tokenized US Treasury bill on the Algorand blockchain, offering European investors exposure to yield-bearing government bonds with no investment minimum required.  The mTBILL is a tokenized certificate that references short-term US Treasury exchange-traded funds (ETFs), Midas announced on May 29.  The first atomic swap was executed by a third party on the Algorand blockchain on May 27. As part of the transaction, $2 million in USDC (USDC) was exchanged for mTBILLS. Read more