Alcor IBC Bridged USDT (WAX) (USDT)

Alcor IBC Bridged USDT (WAX) (ticker: USDT) is a stablecoin that leverages the Inter-Blockchain Communication (IBC) protocol to facilitate cross-chain transactions. As the EOS network upgrade approaches, users are advised to be aware that the IBC protocol may temporarily become non-functional. To ensure a seamless transition during this period, it is recommended for users to bridge back any assets using the IBC protocol, particularly for those that are leveraging the connections between EOS and WAX.

Fund safety remains a priority for Alcor IBC Bridged USDT (WAX) users. If the IBC protocol is terminated, users can confidently convert funds 1:1 into other stablecoins, such as WAXUSDT or USDC, on the WAX net

work. This safety net guarantees that user investments maintain value and that individuals do not face unexpected losses due to protocol disruptions.

Besides maintaining the stability of funds, Alcor supports a wide array of decentralized financial services within one platform. Users can engage in various financial activities such as AMM swaps, spot trading, and providing liquidity, all through a user-friendly interface. As the community and product offerings continue to develop, updates will be communicated to ensure users remain informed and can take full advantage of the services provided by Alcor.