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Announcements

Bitpowr Integrates USDT Stablecoin on Binance Smart Chain

We now support USDT_BSC. Read what this means for our users.

Emmanuel Alonge
Emmanuel AlongeMar 09, 2023
Bitpowr Integrates USDT Stablecoin on Binance Smart Chain

We are thrilled to announce that we have integrated USDT_BSC on Bitpowr. This means you can now transact with USDT_BSC using your Bitpowr account and power products that can facilitate transactions involving USDT_BSC with our platform.

What is USDT_BSC?

USDT_BSC is a token that represents the stablecoin Tether (USDT) on the Binance Smart Chain (BSC) network. As a stablecoin, USDT_BSC is pegged to the value of the US dollar, which means that its value is intended to remain at a 1:1 ratio with the US dollar.

Although USDT_BSC is a BEP-20 token (hosted on Binance Smart Chain), its functionalities mirror those of an ERC-20 token (a token hosted on the Ethereum blockchain). This allows USDT_BSC to be used in the same way as Ethereum-based tokens, such as for trading on decentralized exchanges (DEXs) or as collateral for lending and borrowing platforms.

What the Integration of USDT_BSC Means for Our Users

With the integration of USDT_BSC, businesses using Bitpowr will be able to transact in a stablecoin that is fast, secure, and cost-effective. This will allow them to save on transaction fees that are associated with Ethereum-based tokens, for instance, and reduce the time it takes to complete transactions.

In addition to the benefits of using a stablecoin, USDT_BSC also offers increased liquidity for Bitpowr users. As a widely used stablecoin, USDT_BSC is easily exchangeable on most cryptocurrency exchanges, making it a highly liquid asset.

This increased liquidity will give our customers more flexibility and options when it comes to trading and exchanging cryptocurrencies.

Overall, the integration of USDT_BSC on the Bitpowr platform represents a major step forward for our customers. By providing a stablecoin that is fast, secure, and cost-effective, we are helping them to transact more efficiently and effectively in the rapidly evolving world of blockchain and cryptocurrency.

We are excited to see the positive impact that this integration will have on our customers, and we look forward to continuing to innovate and improve our platform in the future.

Conclusion

Bitpowr integrates with over 12 blockchains and supports even more tokens. So if you’re building or running a financial product designed to support blockchain transactions, we are your go to blockchain infrastructure provider. Let’s chat!

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