Ledger to Expand Stablecoin Support

In addition to USDT and the DAI token from the MakerDAO project, Ledger will soon add support for other steblecoins
31 October 2018   720

The Ledger hardware wallet team will add support for new stablecoin, as well as integrate Tether (USDT) into all the company's products, reports CoinDesk.

Currently, the most popular stablecoin is supported by popular Nano S and Blue devices. However, soon the USDT token can be integrated into a cryptocurrency storage service aimed at institutional investors.

New Ledger operations manager in the Asia-Pacific region, Benjamin Soong, is confident that despite Tether’s extremely high recent volatility, this stablecoin remains popular.

One thing that is slightly unique in China and South Korea is the demand for USDT. Since both of those countries have capital controls, in terms of your ability to move currency out of the country.
 

Benjamin Soong

Operations manager in the Asia-Pacific region, Ledger

This, he said, is largely due to the control of the authorities over the movement of capital. The users from these countries liked the opportunities offered by the stablecoin, tied to the US dollar. He also noted that about 30% of the proceeds from sales of Ledger devices come from Asian markets.

In addition to USDT and the DAI token from the MakerDAO project, Ledger will soon add support for other steblecoins. As part of the plan for the development of custodial direction, by the end of the year the company plans to add support for about a hundred different coins.

Ledger Nano S to Support Binance Coin

As reported, now the owners of Ledger Nano S will be able to access the Binance DEX exchange and keep private keys safe during the trading process
24 April 2019   74

The producer of the popular hardware wallets Ledger announced the addition of support for the Binance Coin (BNB) token to its Nano S device.

Now the owners of Ledger Nano S will be able to access the Binance DEX exchange and keep private keys safe during the trading process. After connecting the wallet to the exchange, BNB tokens can be used to exchange for various assets on the site.

In this case, the Ledger devices will support Binance Coin of the ERC-20 standard until the exchange announces the completion of the exchange of tokens based on Ethereum for the assets of its own blockchain.

Yesterday, April 23, Binance announced the successful migration of BNB tokens from Ethereum to its Binance Chain, while noting that the BNB tokens of the ERC-20 standard can still be credited to Binance - they are automatically converted into assets of the BEP2 network Binance Chain. On the same day, the launch of the decentralized Binance DEX exchange took place.