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Algorand has formed a market-making partnership with XBTO.
PANews reported on August 28 that, according to the Algorand Foundation, Algorand has partnered with the global digital asset management organization XBTO. XBTO will provide market-making services for ALGO tokens and enhance the liquidity and transfer efficiency of the stablecoin USDC. XBTO will provide continuous liquidity support for ALGO on both primary and secondary exchanges, while leveraging Algorand's high-performance Blockchain to optimize the transfer operations of USDC between hosted wallets and exchanges.
ALGO-7.43%