{"id":18316,"date":"2024-11-04T17:09:45","date_gmt":"2024-11-04T15:09:45","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-explores-usdt-gas-payment-mechanism\/"},"modified":"2024-11-04T17:09:45","modified_gmt":"2024-11-04T15:09:45","slug":"tether-explores-usdt-gas-payment-mechanism","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tether-explores-usdt-gas-payment-mechanism\/","title":{"rendered":"Tether Explores USDT Gas Payment Mechanism"},"content":{"rendered":"<p>Various Layer 2 solutions are working to support USDT for gas payments, according to Paolo Ardoino, CEO of the stablecoin issuer <a href=\"https:\/\/u1f987.com\/en\/news\/tethers-net-profit-reaches-5-2-billion-in-first-half-of-2024\">Tether<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I hear again few rumors about a Tether Chain.<br \/>Tether is not planning to build an official blockchain at this time.<br \/>Simply different independent L2 solutions are working to support <a href=\"https:\/\/twitter.com\/search?q=%24USDt&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDt<\/a> for gas fees.<\/p>\n<p>\u2014 Paolo Ardoino ?? (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1853154856065765793?ref_src=twsrc%5Etfw\">November 3, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The executive addressed circulating rumors about the company launching its own blockchain, dismissing such a scenario.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cOne of the main reasons Tether will not launch a network in the near future is that neutrality is extremely important. Our motto Unstoppable TogETHER highlights our interest in partnering with other companies and communities, rather than attempting to centralize everything,\u201d<\/em> Ardoino explained.<\/p>\n<\/blockquote>\n<p>The Tether CEO promised an expansion of the product line. He postponed the new release \u201cby seven days\u201d due to \u201cpre-election noise.\u201d<\/p>\n<p>In June, the executive announced plans to allocate <a href=\"https:\/\/u1f987.com\/en\/news\/tether-to-invest-over-1-billion-in-startups-over-the-next-year\">over $1 billion<\/a> for distribution among startups from \u201chundreds of venture proposals.\u201d<\/p>\n<p>In the same month, the company <a href=\"https:\/\/u1f987.com\/en\/news\/tether-introduces-gold-backed-digital-asset-in-alloy-series\">launched<\/a> the first of its \u201ctethered assets\u201d backed by gold.<\/p>\n<p>Back in July, Ardoino <a href=\"https:\/\/u1f987.com\/en\/news\/tether-abandons-plans-for-proprietary-blockchain-amid-market-saturation\">acknowledged<\/a> that Tether had considered creating its own blockchain but later abandoned the idea due to market saturation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Various Layer 2 solutions are working to support USDT for gas payments, according to Paolo Ardoino, CEO of the stablecoin issuer Tether. I hear again few rumors about a Tether Chain.Tether is not planning to build an official blockchain at this time.Simply different independent L2 solutions are working to support $USDt for gas fees. \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1178,1179,807,1245],"class_list":["post-18316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-layer-2-solutions","tag-stablecoins","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18316"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18315"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}