In a press release shared with Cointelegraph on Dec. 15, the companies announce the release of Omni Core 0.7.0, the development of which was sponsored by Tether. The new version reportedly enhances network performance and fixes locking issues and Remote Procedure Calls.
The Omni protocol is a system running on the Bitcoin network that allows the creation of tokens on what is widely believed to be a secure network. Omni is also the platform that hosted the first USDT tokens. The official website further explains how the technology makes use of the Bitcoin blockchain:
An Omni-based decentralized exchange
More interestingly, Omni Core 0.7.0 enables the building of an on-chain decentralized exchange. The new version of the Omni protocol allows users to trade any on-chain asset for Bitcoin. Tether CTO Paolo Ardoino commented: