KuCoin Supports the Deposit and Withdrawal Services for Tether (USDT) and USD Coin (USDC) on Algorand
Dear KuCoin Users,
To continue offering the most cost-effective transaction methods for users, KuCoin now supports deposits and withdrawals for Tether (USDT) and USD Coin (USDC) on Algorand.
Users can now deposit and withdraw USDT-ASA and USDC-ASA on KuCoin using the Algorand transport protocol.
How to transfer USDT/USDC by Algorand Blockchain?
Go to Deposits/Withdraw>USDT/USDC and choose Algorand mainnet to complete your USDT and USDC transactions.
How Tether is using Algorand
Using Algorand's network, USDT can be transacted at over 1,000 transactions per second in a scalable, secure, and decentralized way. With Algorand’s simplified asset creation, instant financial exchange, and immediate transaction finality, Tether is leveraging technology at the forefront of open financial innovation.
How Circle is using Algorand
Algorand will be the first blockchain with a stablecoin implementation based on that framework that is Powered by USDC. This will allow people to easily move funds between traditional banks and card networks to digital dollars on the Algorand blockchain. Algorand is helping Circle and USDC create a foundation for developing a wide range of scalable, secure and compliant financial applications. Algorand also brings unparalleled speed with low transaction fees needed to power Stablecoins.
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
Regards,
The KuCoin Team
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