Blockchain firm Tether announces its partnership with Block.one, the parent organization of EOS. The primary reason for the teaming up is to launch Tether’s native stablecoin USDT on EOS blockchain. Tether’s CEO says that launching the stablecoin on the blockchain platform will enhance better interoperability.

Recently, Tether has come up with the Tether EOS smart contract. Currently, it is under review by the Canadian branch of EOS. The system can efficiently support peer-to-peer microtransactions.

Earlier we shared that EOS token is now supported by the notable crypto exchange Coinbase. This addition is apparently the largest addition to the exchange followed by the integration of XRP. EOS has market capitalization figure of over $8 billion.

On the other hand, Tether is currently amidst a lawsuit with New York Attorney General Letitia James. The latter has put up fraud allegations against BitFinex and Tether.