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).
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.
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.
Launched on Polkadot, Tether provides a stable currency to enter and exit the network.
“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 thrive.” – @paoloardoinoCTO at @Tether_to. https://t.co/3wZ55Bk6u7
— Polkadot (@Polkadot) September 23, 2022
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.
USDT is also live on NEAR, Liquid Network, Omni and Bitcoin Cash’s Standard Ledger Protocol.