Tether Operations Limited, the largest company in the digital asset industry, has announced a partnership with Uquid, a Web3 E-commerce platform, to launch the 1USD₮ store. This collaboration aims to demonstrate the practical use of USD₮ in everyday transactions and digital commerce, leveraging cutting-edge decentralized finance (De-Fi) technology and blockchain infrastructure to enhance crypto micropayments and the overall crypto shopping experience to improve, thus tether.io.
Launch of the 1USD₮ store
Marking a new step in the evolution of digital commerce, this partnership will make a wide range of products available for purchase exclusively for USD₮, allowing users to shop quickly and easily. The 1 USD₮ Store can be accessed via the website 1USDt.store or the @shop1USDt_bot on Telegram. It offers a wide range of products, from digital products such as mobile top-ups and gift cards to physical products, all priced under 1 USD₮.
The role of Uquid in Web3 Shopping
Uquid, a platform that uses blockchain technology and decentralized finance to provide a secure and transparent shopping experience, has pioneered the Web3 shopping infrastructure since 2016. Uquid has upgraded the De-Fi payment system of digital e-commerce to support users in solving problems. address Web 2.0 shopping issues and a Web3 shopping experience by offering a seamless and secure shopping solution.
Statements from Tether and Uquid
“We are excited to work with Uquid to reimagine the crypto shopping experience. In recent years, users could only wish for borderless cross-border payment solutions that are reliable and non-restrictive. We are now in the future where all this is being achieved, and we are proud to be part of the driving force that makes this possible. With the launch of the 1 USD₮ store, both users and merchants can be part of a new era of convenient, transparent and rewarding digital transactions,” said Paolo Ardoino, CEO of Tether.
Tran Hung, CEO of Uquid, said: “The launch of the 1 USD₮ Store represents an important milestone in our journey to bridge the gap between digital currencies and everyday transactions, making crypto micropayments applicable. Our dual-platform approach ensures that customers can access our services via Telegram or our dedicated online portal, increasing the flexibility and reach of our services. This initiative, supported by Tether, sets a new benchmark for convenience and accessibility in digital shopping.”
Implications for financial freedom
This partnership reaffirms Tether’s goal to facilitate the digital use of fiat currencies to promote financial freedom and ensure access for the unbanked population.
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