Bridged Tether (IoTeX) IOUSDT Price
Introduction
Bridged Tether (IoTeX) $IOUSDT is a wrapped stablecoin that enables Tether (USDT) to operate within the IoTeX blockchain ecosystem More
Token Stats
| Fully Diluted Valuation | $2.03M |
|---|---|
| 24H Trading Volume | $15,375 |
| 24H Low / High | $0.97 / $ 1.01 |
| Circulating Supply | 2.07M |
| Total Supply | 2.07M |
| Max Supply | 9.50B |
Info
| Categories | Bridged USDT 2 more |
|---|---|
| Founder | Raullen Chai |
| Website | iotube.org |
| Chains | Iotex Ecosystem |
| Explorer | Iotexscan |
| Contracts |
0x6fb....98cd1
|
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Bridged Tether (IoTeX) $iousdt User Reviews
$iousdt Markets
| Name | Pair | OG Score |
|---|
About Bridged Tether (IoTeX) $iousdt
Bridged Tether (IoTeX) $IOUSDT is a wrapped version of Tether (USDT), a widely recognized stablecoin pegged to the US dollar. Utilizing the iotube bridge, $USDT is transferred onto the IoTeX blockchain, resulting in $IOUSDT. This integration allows users to leverage USDT within the IoTeX ecosystem, benefiting from IoTeX's features such as high scalability, low transaction fees, and fast transaction speeds.
The iotube bridge, developed by the IoTeX team, plays a crucial role in enabling the creation of $IOUSDT. By locking $USDT on the Ethereum blockchain and minting an equivalent amount on IoTeX, iotube ensures the 1:1 peg between $USDT and $IOUSDT. This mechanism maintains the value stability of $IOUSDT, making it a trustworthy asset within the IoTeX ecosystem.
Key Features of Bridged Tether (IoTeX) $IOUSDT
- Stablecoin Integration: Provides the stability of $USDT within the IoTeX network, offering a reliable medium of exchange and store of value.
- Cross-Chain Compatibility: Facilitates seamless movement of assets between Ethereum and IoTeX, enhancing interoperability.
- DeFi Accessibility: Empowers users to participate in decentralized finance (DeFi) applications on IoTeX, such as yield farming, staking, and lending, using $IOUSDT.
Use Cases of Bridged Tether (IoTeX) $IOUSDT
- DeFi Participation: Users can engage in various DeFi protocols on IoTeX, utilizing $IOUSDT for activities like liquidity provision and yield optimization.
- Cross-Chain Transactions: Enables efficient and cost-effective transfers of stablecoins between Ethereum and IoTeX, facilitating broader blockchain interoperability.
- Payment Solutions: Merchants and consumers can adopt $IOUSDT for transactions within the IoTeX network, benefiting from stablecoin reliability and IoTeX's performance advantages.
Conclusion
Bridged Tether (IoTeX) $IOUSDT exemplifies the potential of cross-chain interoperability by integrating a leading stablecoin into the IoTeX network. This integration not only enhances the utility of $USDT but also enriches the IoTeX ecosystem by providing users with a stable and versatile asset for various applications, particularly in the DeFi sector.
What is unique about Bridged Tether (IoTeX) (IOUSDT)?
Bridged Tether (IoTeX) $IOUSDT’s ability to integrate the stability of $USDT within the IoTeX network, offering users access to IoTeX's features such as high scalability and low transaction fees.
Who are the founders of Bridged Tether (IoTeX) (IOUSDT)?
The IoTeX blockchain was co-founded by Raullen Chai, Qevan Guo, Jing Sun, and Xinxin Fan. The iotube bridge, facilitating $IOUSDT, is a product of the IoTeX development team.
Who are the backers/investors of Bridged Tether (IoTeX) (IOUSDT)?
Specific backers or partners for $IOUSDT are not publicly available.
Where can I buy Bridged Tether (IoTeX) (IOUSDT)?
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