Tether considers launching a new algorithm to stabilize the currency, or named it USDTX

According to Crypto Briefing, recently, Tether CTO Paolo Ardoino said the company is working on a new algorithmic stabilization coin, possibly called USDTX. Although the details are not yet clear, if Tether continues to advance the project, USDTX will allow traders to use their cryptocurrency for value storage. It is reported that this newly proposed algorithm stable currency will work in a way similar to Dai.