TechFlow news — According to official announcements, stablecoin issuer Tether (USDT) has officially launched its USDT stablecoin on the Ethereum scaling solution OMG Network (formerly OmiseGO), enabling real-time integration of USDT on the OMG Network. Paolo Ardoino, CTO of Tether, stated that transferring USDT to the OMG Network reduces costs, improves performance, and alleviates network congestion. This benefits Bitfinex, its customers, and the broader Ethereum ecosystem. A transaction using the Tether address (0xcfe4445886c37587a41c5cc2a5fdaf966eddab37) on OMG Network has already been completed.
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