The US-dollar-pegged stablecoin Tether launched today on the Algorand blockchain. Algorand, the proof-of-stake blockchain network today launched a US-dollar-pegged tether stablecoin on their high-speed blockchain.

Rumors of Tether’s launch on Algorand have been doing the rounds for the last fortnight and during that time, the daily trading volume for Algorand’s ALGO token has risen from around $40 million to over $110 million.

The value of the ALGO token has also increased; in the past week, it’s gone up from around $0.25 to $0.35 per coin.

The value of the ALGO token has gone up from around $0.25 to $0.35 per coin in the past week.