Leading Stablecoins USDT-Omni & USDT-ERC20 Now Supported by Infinito

July 31, 2019

Infinito is thrilled to announce that our universal wallet now supports USDT of Omnilayer protocol! This BTC-based stablecoin has been heavily requested by our global user community, who has also been enjoying its ETH counterpart, USDT-ERC20, as well as another stablecoin, EOSDT, as two of the thousands of ERC20 and EOS tokens supported by Infinito Wallet.

Support for stablecoins on top of leading cryptos, both utility and security tokens, as well as advanced blockchain resource management utility makes Infinito Wallet the market’s most versatile blockchain wallet. Recently, USDT has started to be issued on TRON blockchain as well in the form of USDT-TRON, which Infinito also plans support in the near future.

Stablecoins on Infinito Wallet – Expanding the Reach of Our Ecosystem

Designed to minimize the infamous volatility of cryptocurrency, stablecoins are pegged to a fiat currency, exchange-traded commodity, or another cryptocurrency. This new kind of crypto began gaining prominence in 2018 when the market was at its most volatile and as of today, there are nearly 250 stablecoins on the market. As stablecoins are used purely as currencies, they do not have their own blockchains thus decentralized application/smart contract protocols.

Currently, USD-backed stablecoins have the highest market cap of over 4 billion USD, with  over 70% of the trading volume accounted by USDT alone. USDT is pegged 1:1 and is currently issued on three main blockchain platforms: Bitcoin via the Omni layer, Ethereum using the ERC20 standard, and TRON using the TR20 standard. This means that the transaction fee for each of these USDT forms are BTC, ETH, and TRON respectively. USDT is one of, if not the least volatile stablecoin on the market at the moment, which constitutes greatly to its popularity.

We are beyond excited to expand the reach of Infinito Ecosystem to stablecoins and better serve global communities of crypto users. Through our universal wallet, crypto lovers can enjoy over 2,000 digital currencies of many categories including coins, utility tokens, stablecoins, and soon, security tokens. Within 2019, Infinito also aims to bring more fan-favourite cryptocurrencies, including stablecoins, to our community such as XLM, TRON, XRP, TOMO, VNDC, and many more!

Please look forward to more great development from Infinito this year and as always, thank you for your continued support.