Folks Finance: USDT has been supported as collateral

ChainCatcher news, according to official information, after a vote by the G11 community, the Algorand ecosystem DeFi protocol Folks Finance supports USDT as collateral, further enhancing flexibility and liquidity in Algorand, providing users with more choices and a better DeFi experience.

It is reported that Algorand is a decentralized, scalable, and secure blockchain infrastructure. It offers transaction throughput at the speed of traditional finance, with instant finality, near-zero transaction costs, and 24/7 availability. From decentralized finance to generative NFT art, Algorand is powering the economic models of the future. Algorand was designed by MIT professor and Turing Award-winning cryptographer Silvio Micali.