Tether stablecoin USDT live on Polkadot

0
29

Tether’s USDT is now live on 11 blockchain networks and ecosystems, including Ethereum, Tron and Solana.

Tether, the company behind the world’s largest and most widely used US dollar-pegged stablecoin USDT, has announced that tokens are now live on the Polkadot (DOT) blockchain.

USDT, with a market cap of over $68 billion, is currently the third largest market cap, after Bitcoin (BTC) and Ethereum (ETH).

See also  Price Analysis 09-14: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

USDT now on Polkadot

Polkadot is a decentralized blockchain platform that supports a thriving Web3 ecosystem, and the launch of the USDT stablecoin is another milestone to fuel network growth and help the user community.

Polkadot is on a trajectory of growth and evolution this year and we believe the addition of Tether will be essential to help it continue to thriveTether CTO Paolo Ardoino said in a statement.

See also  Gamers Want Fun, Not Tokens Grindfest - Animoca Subsidiary

With this launch, USDT will add a liquid and stable token to the network’s DeFi space and allow users to get in and out with ease – a factor that should not be downplayed in a volatile market.

Tether is now available on 11 blockchain networks, including the best smart contracts and the largest Proof-of-Stake network Ethereum, Tron, Avalanche, Solana, Kusama, Ethereum, Algorand and EOS.

See also  LUNC Rises 50% After Binance's Tax Burn Mechanism

USDT is also live on NEAR, Liquid Network, Omni and Bitcoin Cash’s Standard Ledger Protocol.

LEAVE A REPLY

Please enter your comment!
Please enter your name here