Tether and Uquid Collaborate to Showcase The Use Case of USD₮  in Everyday Transactions

25 June 2024 —Tether Operations Limited, the largest company in the digital asset industry, has announced a collaboration with Uquid, a Web 3 E-commerce platform, to launch the 1USD₮ store. This collaboration aims to demonstrate the practical use of USD₮  in everyday transactions and digital commerce, leveraging cutting-edge decentralized finance (De-Fi) technology and blockchain infrastructure to enhance the crypto micropayments and the overall crypto shopping experience.

This collaboration, which marks another step in the evolution of digital commerce, will make a wide range of products available for purchase exclusively with USD₮, ensuring users can shop quickly and conveniently. The 1 USD₮ Store is accessible through the website or the @shop1USDt_bot on Telegram. It offers a diverse range of products, from digital products like mobile top-ups and gift cards to physical products, etc., tailored to different markets, all priced under 1 USD₮.

Uquid, a platform that leverages blockchain technology and decentralized finance to provide a secure and transparent shopping experience, has been a pioneering force in Web3 shopping infrastructure since 2016. Uquid upgraded the De-Fi payment system of digital e-commerce to support users in solving problems with Web 2.0 shopping concerns and having a Web3 shopping experience by offering a seamless and secure shopping solution. 

“We are excited to work with Uquid to overhaul the crypto shopping experience. In past years, users could only wish for limitless cross-border payment solutions that are reliable and non-restrictive. We are now in the future where all this is being achieved, and we are proud to be part of the driving force that makes this happen. With the launch of the 1 USD₮  store, users and merchants alike can be part of a new era of convenient, transparent, and rewarding digital transactions,”. Said Paolo Ardoino, CEO of Tether.

Tran Hung, CEO of UQUID, stated: “Launching the 1 USD₮ Store represents a significant milestone in our journey to bridge the gap between digital currencies and daily transactions, making crypto micropayment applicable. Our dual-platform approach ensures that customers can engage with our services through Telegram or our dedicated online portal, enhancing the flexibility and reach of our services. This initiative, backed by Tether, sets a new benchmark for convenience and accessibility in digital shopping.”

This collaboration further reaffirms Tether’s goal of facilitating the digital use of fiat currencies to promote financial freedom and ensure access for the unbanked population. 

latest news

Philip Gradwell, Former Chief Economist at Chainalysis, Joins Tether as Head of Economics

15 July 2024 – Tether, the largest company in the digital assets industry, today announced the appointment of Philip Gradwell as Head of Economics where he will be responsible for quantifying the Tether economy and communicating the ways Tether is used, to regulators and stakeholders.  Philip brings more than six years of expertise in analyzing […]

Learn more
Tether Provides an Update on Prioritizing Community Preferences for Blockchain Support in Strategic Shift

At Tether, we remain dedicated to fostering a robust and innovative blockchain ecosystem for USD₮ and all other tokens we issue. This commitment drives us to continuously assess our transport layers, ensuring a balance between maintainability and usage while prioritizing community interest.  Community input is crucial in our decision-making process for deploying Tether tokens on […]

Learn more
Tether and Vietnam Blockchain Association Team Up to Drive Blockchain and AI Education in Vietnam

9 July 2024 —Tether Operations Limited, the largest company in the digital asset industry, today announced a strategic collaboration with the Vietnam Blockchain Association (VBA) to drive blockchain and digital assets education. This collaboration aims to educate public stakeholders on blockchain technologies through a series of conferences and workshops, fostering knowledge-sharing and capacity-building within the […]

Learn more
Read all news