Tether (USDT) is on fire! After Poloniex, Bitfinex, FlashDEX; now it has got support from Cobo Wallet!

The excited founder of TRON, Justin Sun, has recently announced on Twitter that the TRC 20 backed USDT will now get backed by Cobo wallet.

Cobo wallet is the wallet of the start-up- Cobo. In a recent official announcement on the social platform- Twitter, the company expressed support for two cryptos- DRC (Digital Currency Decred), and USDT (Tether.) These two cryptos will get support on the Cobo’s cloud wallet. Decred project also rejoiced in the announcement when they posted on their twitter handle-

Cobo’s wallet has ensured good security. The company has added PIN codes, has made use of the “Hierarchical Deterministic (HD) wallets”, for the users for across the world there is an automatic ‘know your customer’ procedure to ensure an efficient process, the user experience, and the user interface has also been improved, along with the enhancements made to the “add coin” feature.

Market performance of Tether (USDT) and Digital Currency Decred (DCR)-

Tether (USDT)-

At the press time, on 29th April,  (10:30 UTC), the market price of Tether (USDT) was 0.996583 USD with the growth rate of 0.03 percent or 0.00018986 BTC with the growth rate of 0.92 percent or 0.33954085 OMNI with the growth rate of minus 2.82 percent. Looking at the market capitalization of USDT token, it is 2,837,103,446 USD or 540,508 BTC or 966,615,475 OMNI. The volume of USDT in the past 24 hours has been 11,041,946,393 USD or 2,103,648 BTC or 3,762,046,911 OMNI. As for the circulating supply of the crypto is concerned it was 2,846,831,191 USDT, whereas the total supply of Tether (USDT) has been 3,220,057,493 USDT.

Digital Currency Decred (DCR)-

On 29th April, (10:30 UTC), the price of the crypto token is 23.18 USD with the growth rate of minus 1.70 percent or 0.00441252 BTC with the growth rate of minus 0.90 percent. The current market capitalization of DCR is 224,853,368 USD or 42,802 BTC. If we look at the performance of the crypto in the 24 hours, then the volume was 1,522,902 USD or 289.89 BTC.  At the press time, the circulating supply of the token is 9,700,171 DCR, and the maximum supply of Digital Currency Decred (DCR) has been 21,000,000 DCR.

More on Cobo-

As per the company’s self-claim, it is the first one to make use of “consensus algorithm along with master-node pooling.” This feature enables the user to make good use of the wallet when it comes to storing the cryptos or assets, transactions, exchange of funds or the digital assets over the network, etc for one platform. It offers two types of wallets. They are-

  • Cloud wallet and
  • HD wallet.

Cloud wallet is focused on the new users of the cryptos, whereas the HD wallet caters to the experienced crypto traders and investors giving them a greater control with features such as PoS Cloud Pool Staking, support for the decentralized applications (Dapps), EOS, and Tron voting. The  PoS Cloud Pool Staking allows the customers to stake cryptos such as Dash, LBTC, XZC, and VET and provides them with an ability to get up to 200 percent on dividends on an annual basis in the pool.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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