Ethereum Classic to support stablecoin projects?

By May 5, 2020Ethereum
Click here to view original web page at www.fxstreet.com
  • The Ethereum Classic (ETC) network is looking for stablecoin projects to support and/or partner with.
  • A Twitter user identified the benefits that Tether has had on Ethereum since the latter began supporting the stablecoin.
  • The user implied that if Ethereum could benefit from issuing stablecoins such as Tether, then ETC would too.

The Ethereum Classic (ETC) network is looking for stablecoin projects to support and/or partner with, according to Ethereum Classic news. The majority of the stablecoins in the crypto market run on the Ethereum (ETH) network. This includes TUST, Paxos Standard (PAX), Tether (USDT), USD Coin, and the Gemini Dollar.

In response to a question posed by a Twitter user (@crypto_espresso) asking when the ETC network will support a stablecoin, James Wo, the founder at ETC Labs, said:

Great question. @etclabs is looking for stable coin projects to support or establish partnership! -@realjameswo

Twitter user @crypto_espresso quickly identified the benefits that Tether has had on Ethereum since the latter began supporting the stablecoin. He implied that if Ethereum could benefit from issuing stablecoins such as Tether, then ETC would too.

#Ethereum has done well since it started to issue #Tether….so why not #EthereumClassic? @crypto_espresso

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

A Twitter user identified the benefits that Tether has had on Ethereum since […]

Leave a Reply