In an interview with CCN, Bitfinex CTO, Paolo Ardoini has stated that Tether is set to launch on the EOS blockchain as part of the team’s plan to supplement EOSfinex.
In September last year, Bitfinex announced EOSfinex, a decentralized cryptocurrency exchange built on the EOS protocol.
Ardoini told CCN:
“One of the main reasons is that we need it for EOSfinex. Since it is an on-chain exchange we need Tether EOS to offer EOS/USDT and crypto-to-stablecoin pairs on it. EOSFinex is one of the most awaited projects in the EOS community but we thought it would be good to start giving everyone the ability to build on Tether-EOS even before EOSFinex launch.”
Because Tether is currently running on Omni, Ethereum and Tron, Ardoini states that cross-chain support will be key for the long-term success of Tether.
Furthermore, Ardoini states that the Bitfinex team is working with Blockstream to launch Tether on Liquid, and further plans of bringing the stablecoin to the Lightning Network by the end of this year.
“We can’t hide behind the fact that communities are split among multiple projects, so I believe is our duty to serve the blockchains that have the most active communities and clearly that can meet our security standards in terms of issuance,” Ardoini stated. “I’m working with Blockstream to launch Tether on Liquid and as Bitfinex we are collaborating with the RGB protocol community to bring assets to LN (and so I hope that Tether will launch on LN by end of 2019).”