Top Stablecoin Firm Tether (USDT) Rolls Out Private Beta of New Tokenization Platform
The leading stablecoin firm Tether ( USDT ) has rolled out a private beta for a new tokenization platform.
“Hadron by Tether” aims to simplify the tokenization process for stocks, bonds, funds, stablecoins, loyalty points, real estate, art and other assets, according to a new press release from the firm.
Tether chief executive Paolo Ardoino notes the platform is fully non-custodial and supported by multiple blockchains.
The CEO says Hadron represents “the beginning of a new era for finance.”
“It leverages a very intuitive user interface to set up and configure multi-signature wallets, including hardware wallets. A deeply thought user experience streamlines the interaction between issuers and their users.
Among its suite of controls, deep emphasis has been placed on providing the most comprehensive set of tools for compliance, Know-Your-Customer (KYC), Anti-Money-Laundering (AML), Know-Your-Transaction, Risk Management, and secondary market ecosystem monitoring, spanning from blockchains to centralized exchanges.”
Ardoino also notes Tether has already presented Hadron to numerous companies, institutions and governments in recent months.
USDT, the largest stablecoin, has a market cap of more than $126 billion and clocked nearly $170 billion in 24-hour trading volume at time of writing. The asset aims to maintain a 1:1 peg to the US dollar.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Peanut the Squirrel Token Sparks Controversy After Owner Launches Justice Coin
Will Bitcoin’s Correction Continue or is it a Good Time to Buy?
US stocks head into holiday week with history on their side
Let’s take a look at how US equities typically perform this time of year and what we might see in the coming days
Cardano implements first ZK smart contract
Share link:In this post: Cardano has deployed its first zero-knowledge smart contract on the mainnet through the use of the Halo 2 zkSNARKs. The technology allows for secure and private verification of computations with the help of the network without disclosing sensitive information. ADA recently crossed the $1 level and went as high as $1.15 before a 17% drop.
Trending news
MoreCrypto prices
More
