Bitcoin.com wallet provides USDT support as of the latest update this week and the users can store the SLP-based stablecoin Tether in their wallets as we are reading more in the upcoming Tether coin news.
During the first week of July, the wallet added a few new features including the portfolio breakdown and now with the latest update, Bitcoin.com wallet provides USDT support and a storing option for SLP-based USDT coins in the users’ wallets. Tether is still the most popular stablecoin in the entire crypto ecosystem and Bitcoin.com wallet can now store, send, and receive this stablecoin at any time.
The latest reports that we have in our Tether coin new show how the company Tether Limited utilized the Simple ledger Protocol technology to issue more than 6 million SLp-based USDT. Today there are 6,001,007 SLP-based tethers in circulation in the latest statistics provided by Simpleledger.info. Similarly to having the ability to hold any SLP token, the wallet now allows users to store, send and receive SLP-based USDT but it is also important to know that USDT is minted on a number of different blockchains and all ETH-based tethers are not minted with the Simple Ledger Protocol will not be compatible with the wallet software.
The wallet offers a method for all people to obtain the SLP-based tethers by using the new in-app swap features. the wallet now allows users to swap coins by leveraging the Sideshift.ai application as the process is intuitive and takes a few minutes to swap the coins using Bitcoin.com’s client. The users can now swap Bitcoin Cash, Honestcoin, Bitcoin and Tether with the wallet software. In order to swap Bitcoin Cash for SLP-based tethers, the swap button on the bottom of the wallet will direct you to the in-app swapping window.
The software lets you know that the swap is taking place on the Sideshift app and the wallet will send you a message via the notification section. Sideshift will also give you an invoice number and the notification will let you know when the process stated. The funds will be confirmed on the BCH blockchain and the tokens will be sent to the SLP-token address. From there the tokens will be accounted for in the portfolio balance section with the total value of all assets held in the wallet.
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