- Tether partners with Uquid to launch the “1 USDT” store, revolutionizing crypto-based retail with a variety of products.
- Store features include mobile top-ups and gift cards, all purchasable with USDT, enhancing the crypto shopping experience.
Tether Operations Limited, in collaboration with Uquid, has launched the “1 USDT” store, a new initiative to utilize USDT for everyday transactions through a Web 3 e-commerce platform. This project aims to facilitate microtransactions using DeFi technology, enhancing the user experience in digital commerce.
🚀 Today’s the day! Introducing the 1 USDt Store – where every item is just 1 USDt! 🛒
Explore a world of possibilities with unbeatable deals on exclusive products. Powered by UQUID and @Tether_to.
Start shopping now at https://t.co/8guOUfT3KK and on Telegram via our… pic.twitter.com/gSfD83XBt4
— UQUID (@uquidcard) June 25, 2024
The store will exclusively sell items for 1 USDT or less, available through its website or via the Telegram bot “@shop1USDT_bot.“
The inventory includes digital products like mobile top-ups and gift cards, as well as a selection of physical goods, addressing a variety of consumer needs in different markets.
Uquid brings its blockchain expertise to the partnership, focusing on secure, transparent transactions that bridge Web 2.0 shopping issues with Web 3 solutions.
Their CEO emphasized the initiative’s role in setting new standards for convenience and accessibility in the digital shopping domain.
1 $USDt store https://t.co/mtZDf7DXgm
— Paolo Ardoino 🤖🍐 (@paoloardoino) June 25, 2024
Paolo Ardoino, CTO of Tether, expressed his support for the project, noting its potential to simplify and enhance online shopping experiences across borders. He highlighted that this collaboration marks a significant advancement in creating seamless, unrestricted payment solutions that benefit both consumers and merchants globally.
Separately, Tether has decided to cease the issuance of USDT on the EOS and Algorand blockchains due to a decline in community interest and the high maintenance demands of these platforms. This decision is part of Tether’s ongoing efforts to focus on blockchains that meet its stringent security and efficiency standards.
Although new USDT issuance will stop immediately on these networks, the company will still allow USDT redemptions on EOS and Algorand for the next 12 months to facilitate a smooth transition for users.
This series of strategic decisions by Tether underscores its commitment to adapting its operations to better serve market demands and maintain high standards of security and functionality in its cryptocurrency operations.
