During the first week of July, Bitcoin.com’s Wallet added a number of new features including a portfolio breakdown and honestcoin (USDH) swapping abilities. With the latest update this week, Bitcoin.com Wallet users can now store the SLP-based stablecoin tether (USDT) in their wallets as well.
News.Bitcoin.com recently reported on how the firm Tether Limited utilized the Simple Ledger Protocol technology in order to issue over 6 million SLP-based USDT. Today there are 6,001,007 SLP-based tethers in circulation according to statistics provided by Simpleledger.info.
So similar to having the ability to hold any SLP token, the Bitcoin.com Wallet now allows users to store, send, and receive SLP-based tether (USDT). It is important to note that tether (USDT) is minted on a number of different blockchains. ETH-based tethers or other types of USDT coins not minted with the Simple Ledger Protocol, will not be compatible with the Bitcoin.com Wallet software.
The Bitcoin.com Wallet offers a method for people to obtain the SLP-based tethers by using the in-app swap features.
The Bitcoin.com Wallet allows users to swap coins by leveraging the Sideshift.ai application. The process is intuitive and it only takes a few minutes to swap coins using Bitcoin.com’s client. Users can swap bitcoin cash (BCH), bitcoin (BTC), honestcoin (USDH), and tether (USDT) using the wallet software.
In order to swap bitcoin cash for SLP-based tethers, simply tap the “swap” button on the bottom of the wallet’s home screen and it will direct you to the in-app swapping window.
From here you can select which coin you want to trade, and the other day our newsdesk swapped $6 worth of BCH for 6 tethers. The swapping feature shows a…