{"id":82467,"date":"2024-06-25T10:45:06","date_gmt":"2024-06-25T14:45:06","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82467"},"modified":"2024-06-25T10:45:58","modified_gmt":"2024-06-25T14:45:58","slug":"tether-uquid-team-up-to-launch-1usdt-store","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tether-uquid-team-up-to-launch-1usdt-store\/","title":{"rendered":"Tether & Uquid Team Up to Launch 1USDT Store"},"content":{"rendered":"\n

Tether and Uquid created the “1 USDT” store, which uses DeFi technology<\/a> to improve crypto shopping.<\/p>\n\n\n\n

\"Tether<\/figure>\n\n\n\n

Tether Operations Limited has recently announced a partnership with Uquid, a Web 3 e-commerce platform, to introduce the “1 USDT” store.<\/p>\n\n\n\n

This innovative project aims to illustrate the practical application of USDT in digital commerce and everyday transactions.<\/p>\n\n\n\n

The initiative aims to improve the overall crypto purchasing experience and enhance crypto micropayments by utilizing blockchain infrastructure and DeFi technology.<\/p>\n\n\n\n

This action is a substantial stride toward the integration of cryptocurrency into daily retail activities.<\/p>\n\n\n\n

Tether's New Retail Initiative and Store Features<\/h2>\n\n\n\n

The collaboration between Uquid and Tether\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> represents a significant development in\u00a0digital commerce.<\/p>\n\n\n\n

The “1 USDT” store will offer a wide range of products exclusively in USDT, allowing users to shop more efficiently.<\/p>\n\n\n\n

Customers can access the store through the website or via the Telegram bot \u201c@shop1USDT_bot\u201c.<\/p>\n\n\n\n

The store's inventory includes various digital items, such as mobile top-ups and gift cards, and physical products, all priced under 1 USDT and suited to different markets.<\/p>\n\n\n\n

Uquid, which has been at the vanguard of Web3 shopping infrastructure since 2016, employs decentralized finance and blockchain technology to ensure secure and transparent shopping services.<\/p>\n\n\n\n

However, to resolve the concerns of Web 2.0 shopping and provide a seamless Web3 shopping experience, the company has upgraded its DeFi payment system.<\/p>\n\n\n\n

Uquid's CEO underscored that this Tether-backed initiative establishes a new standard for digital purchasing in terms of convenience and accessibility.<\/p>\n\n\n\n

In the same vein, Paolo Ardoino<\/a>, CEO of Tether, expressed enthusiasm for the partnership, underlining its potential to transform the crypto shopping experience.<\/p>\n\n\n\n

He underscored the success of developing limitless cross-border payment solutions that are both reliable and non-restrictive, thereby inaugurating a new era of digital transactions that are convenient, transparent, and rewarding for both users and merchants.<\/p>\n\n\n\n

Tether\u2019s Decision on EOS and Algorand<\/h2>\n\n\n\n

In a distinct development, Tether<\/a> has decided to discontinue support for USDT on the EOS and Algorand blockchains.<\/p>\n\n\n\n

This decision was influenced by community interest, maintenance requirements, and usage levels.<\/p>\n\n\n\n

Before launching USDT on a blockchain, Tether meticulously assesses its security features, with a focus on long-term viability and safety.<\/p>\n\n\n\n

The implication is that Tether's rigorous criteria may not have been met by EOS and Algorand.<\/p>\n\n\n\n

Due to this decision, Tether has promptly discontinued the minting of USDT on these networks.<\/p>\n\n\n\n

However, to guarantee a seamless transition for users, the company will continue to permit USDT redemptions on EOS and Algorand for the next 12 months.<\/p>\n\n\n\n

This action emphasizes Tether's commitment to upholding the most stringent security and efficiency protocols in its operations across various blockchain platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tether and Uquid created the “1 USDT” store, which uses DeFi technology to improve crypto shopping. Tether Operations Limited has recently announced a partnership with Uquid, a Web 3 e-commerce platform, to introduce the “1 USDT” store. This innovative project aims to illustrate the practical application of USDT in digital commerce and everyday transactions. The initiative aims […]<\/p>\n","protected":false},"author":56,"featured_media":80973,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1103,20204,2061],"class_list":["post-82467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-tether","tag-uquid","tag-usdt"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/Tether-Plans-1-Billion-Investment-in-AI-and-Biotech.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82467"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/80973"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}