Exciting News: ERC-20 Tether (USDT) is Now Supported on the SALT Platform!

Published Date: March 11, 2024

We’re thrilled to announce a significant update to the SALT platform that many of you have been eagerly awaiting. Starting today, the ERC-20 version of Tether (USDT), one of the most popular and widely used stablecoins, is officially supported for deposits, repayments, and more on SALT. This marks a significant milestone in our ongoing effort to provide more flexibility, stability, and options for our users, specifically catering to those who prefer the Ethereum-based version of this stablecoin.

Why ERC-20 Tether (USDT)?

Tether, particularly its ERC-20 variant, has emerged as a cornerstone in the digital currency space, offering the stability of the US dollar with the flexibility of digital currency on the Ethereum blockchain. Its 1:1 peg to the US dollar makes it an ideal choice for users looking to avoid cryptocurrency volatility. 

What This Means for You

Enhanced Stability and Flexibility

With USDT, you can now enjoy the stability of a fiat currency within your overall collateral mix. This is particularly beneficial for managing loans, where fluctuations in cryptocurrency values can be a concern.

Simplified Deposits and Repayments

Adding USDT to our platform simplifies depositing funds and making loan repayments. You can now quickly transfer USDT to and from your SALT wallet, making your transactions smoother and more straightforward.

Expanded Options

Including USDT is part of our commitment to providing our users diverse options. Whether you want to take out a loan, make repayments, or simply manage your digital assets, adding USDT gives you more freedom to choose the currency that best suits your needs.

Getting Started with ERC-20 USDT on SALT

To start using USDT on the SALT platform, simply log into your account and navigate to the wallet section. You’ll find USDT listed among the supported currencies, where you can easily make deposits or select it as your preferred currency for repayments.

Looking Ahead

The addition of Tether is just the beginning. We’re continuously working to expand our offerings and improve our platform based on the feedback from our incredible community. Stay tuned for more updates and enhancements designed to improve your SALT experience.

Thank you for being a part of our journey. We’re excited to see how this update will enhance your digital finance activities on SALT.

Are you an Accredited Investor wanting to earn an attractive yield on USDT?