Chain-key USDT
This token is the digital twin of USDT on the Internet Computer network. The token is USDT provided 1: 1 with full backing from and powered by Chain-key technology, enabling cross-chain interoperability without centralized intermediaries or bridges.ICP Container smart contracts on can integrate with the Ethereum network through a combination of the following: HTTPS outcalls that replicate a set of known public Ethereum nodes HTTPS external calls to read state and submit transactions; and using Chain-key ECDSA signatures to sign these submitted transactions, a signature that is an enhanced version of threshold ECDSA on this integration framework. Building on this integration framework, the token consists of a pair of container smart contracts that use HTTPS HTTPS outcalls and the Chain-key signing service. The Ethereum Chain-key token minter and the token ledger contract work together to enable users and smart contracts to send and receive USDT in value within seconds, with extremely low transaction fees and no gas fees, while always allowing users and smart contracts to send USDT value to and receive from the Ethereum network. The token publicly exposes ICRC-1 and ICRC-2 ledger interfaces, namely ICP fungible token standard, so all wallets on the Internet Computer can easily support the token.
Overview
This token is the digital twin of USDT on the Internet Computer network. The token is USDT provided 1: 1 with full backing from and powered by Chain-key technology, enabling cross-chain interoperability without centralized intermediaries or bridges.ICP Container smart contracts on can integrate with the Ethereum network through a combination of the following: HTTPS outcalls that replicate a set of known public Ethereum nodes HTTPS external calls to read state and submit transactions; and using Chain-key ECDSA signatures to sign these submitted transactions, a signature that is an enhanced version of threshold ECDSA on this integration framework. Building on this integration framework, the token consists of a pair of container smart contracts that use HTTPS HTTPS outcalls and the Chain-key signing service. The Ethereum Chain-key token minter and the token ledger contract work together to enable users and smart contracts to send and receive USDT in value within seconds, with extremely low transaction fees and no gas fees, while always allowing users and smart contracts to send USDT value to and receive from the Ethereum network. The token publicly exposes ICRC-1 and ICRC-2 ledger interfaces, namely ICP fungible token standard, so all wallets on the Internet Computer can easily support the token.