Tether Integrates OMG

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Tether has finally integrated OMG’s More Viable Plasma with the token now benefiting from second layer scalability. “The integration will result in a reduction of confirmation times delivering faster payments while fees will be reduced without compromising on-chain security,” they say. That’s more than two months since Tether announced they were to integrate OMG, with the process somewhat complex because in the abstract there are now effectively two tethers. One that runs as it always has, and the other boosted one that first has to enter the OMG network and can’t ‘communicate’ outside of that network. So other exchanges and the whole ecosystem has to also upgrade to this new tether with only Bitfinex so far integrated. “The OMG Network will also facilitate USDt deposits and withdrawals at Bitfinex,” they say, with Paolo Ardoino, CTO at Tether/Bitfinex, stating: “This will allow traders to react faster to trading opportunities and take…

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