Bittime - Good news for crypto users! Tether , a well-known stablecoin issuer, entered into a partnership with the Celo network to bring USDT, a stablecoin pegged to the US dollar, to the Celo blockchain. This collaboration promises a new era of crypto payments with much lower transaction costs, opening the door to wider adoption across various sectors.
Micro Transactions Become a Reality with USDT Tether Integration
Celo was founded in 2020, known as a blockchain network specifically designed for fast and affordable payments. In contrast to Ethereum which experiences spikes in transaction fees, Celo offers fees below cents, potentially even as low as $0.001.
USDT integration in Celo allows users to carry out microtransactions easily, opening up new opportunities for crypto use in everyday life, such as coffee purchases, public transportation payments, and various other financial interactions.
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Tether Strengthens Celo Stablecoin Ecosystem
The presence of USDT on Celo further strengthens the existing stablecoin ecosystem, such as eXOF (pegged to the CFA Franc) and cREAL (pegged to the Brazilian Real). This stablecoin variation gives users more choices in conducting financial activities on the Celo network.
Strategic Partnerships and Blockchain Diversification
Tether, which is currently present on 15 well-known blockchains such as Ethereum, Tron, and Solana , marks Celo as the 15th blockchain to support USDT. This integration shows Tether's confidence in Celo and its future growth potential.
Offers an Alternative Solution to Ethereum's High Fees
In contrast to Ethereum which charges high and variable transaction fees, Celo allows users to pay fees with various cryptocurrencies, including USDT. This provides a more user-friendly and flexible experience.
The Bright Future of Crypto Transactions
The partnership between Tether and Celo coincides with the arrival of USD Coin (USDC), another major stablecoin, on the Celo network. This marks a period of significant growth and diversification for stablecoins in the Celo ecosystem, paving the way for a future of faster, cheaper and more accessible crypto transactions.
USDT/IDR Tether Price Today
Source: Bittime.com
On March 12, 2024, the price of Tether USDT/IDR was at IDR 15,670 per coin, an increase of 0.10% in 24 hours.
Also Read How to Buy Crypto:
Positive Impact of Tether and Celo Collaboration on Crypto Adoption
This partnership has the potential to significantly lower transaction costs for using crypto in various activities. This could encourage wider crypto adoption, for both individuals and businesses, who are looking for more efficient and affordable payment alternatives.
Some Important Implications:
- Viable Microtransactions: Celo's low fees enable transactions of small amounts that were previously uneconomical on Ethereum. Pay for coffee or public transportation fare with USDT!
- Economical and Fast Remittance: Send money overseas with lower fees and faster settlement using USDT on Celo.
- Wider Accessibility: Celo and USDT can open up crypto access for individuals in developing countries with more affordable transaction fees.
- DeFi Ecosystem Growth: USDT integration could fuel the growth of DeFi on Celo, opening up new opportunities for lending, borrowing, and various other financial applications.
Conclusion
The partnership between Tether and Celo represents a significant step forward in the journey of widespread crypto adoption.
By offering low transaction fees and fast settlement, USDT on Celo has the potential to revolutionize the way we make payments, money transfers, and various other financial activities. A future where crypto is integrated into everyday life is getting closer.
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How to Buy Tether (USDT) on Bittime
You can buy and sell Tether (USDT) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Tether (USDT) is available on Bittime with the USDT/IDR market pair . To be able to buy USDT/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Tether (USDT) on Bittime .
Monitor price chart movements of Tether (USDT) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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