Tether Operations Limited, a unit of stablecoin issuer Tether, has announced the launch of a 1USD₮ store in partnership with Web 3 e-commerce platform Uquid. Leverage decentralized finance (De-Fi) technology and blockchain infrastructure to enhance crypto micropayments and the overall crypto shopping experience, demonstrating the practical use of USD₮ in daily transactions and digital commerce.
Uquid is a platform that leverages blockchain technology and decentralized finance to provide a secure and transparent shopping experience, offering millions of physical and digital products, and supports payment using various mainstream cryptocurrencies, such as BTC, ETH, AVAX, Matic There are more than 30 kinds of cryptocurrencies, and it also supports Binance Pay and crypto.com Pay. Traditional payment methods such as credit card, bank transfer, Apple Pay, Google Pay and Alipay are also accepted.
Uquid’s 1 USD₮ shop in partnership with Tether can be accessed via the traditional website or via @shop1USDt_bot on Telegram. The 1 USD₮ store offers a diverse range of products, ranging from mobile recharges, gift cards, game cards and other digital products to physical products, tailored for different markets, all at prices below 1 USD₮. However, when I actually visited the website, I found that many products are restricted for use in certain countries, such as Turkey, Argentina, and the Philippines.
Tether expanded USDT and XAUT to TON in April. At that time, CEO Paolo Ardoino said that Telegram has an impressive ecosystem with 900 million monthly active users, while Tether has more than 300 million users worldwide, and the ecology of the two is promising. Empower each other. The managed wallet project Telegram Wallet also announced that it supports USDT free transfers.
(Tether officially landed on TON, and Telegram Wallet announced that it supports USDT free transfers)
Tether reiterates its goals through this project:
Promote the digital use of fiat currencies to promote financial freedom and ensure access to the unbanked.
This article Tether and Uquid e-commerce platform launches 1USD₮ store first appeared on Chain News ABMedia.
