Tether’s USDT is now live on 11 blockchain networks and ecosystems, together with Ethereum, Tron and Solana.
Tether, the corporate behind the world’s largest and most generally used US dollar-pegged stablecoin USDT, has announced that tokens are actually live on the Polkadot (DOT) blockchain.
USDT, with a market capitalisation of greater than $68 billion, is presently the third largest by market cap behind Bitcoin (BTC) and Ethereum (ETH).
USDT now on Polkadot
Polkadot is a decentralised blockchain platform supporting a thriving Web3 ecosystem, and the launch of the USDT stablecoin is one other milestone set to spice up community development and profit the neighborhood of customers.
“Polkadot is on a trajectory of development and evolution this 12 months and we imagine Tether’s addition will probably be important in serving to it proceed to thrive,” Tether CTO Paolo Ardoino said in an announcement.
With this launch, USDT is including a liquid and steady token to the community’s DeFi area and can enable customers to simply transfer out and in – an element to not be downplayed in a risky market.
Tether launched on Polkadot offering a steady forex to maneuver out and in of the community.
“Polkadot is on a trajectory of development and evolution this 12 months and we imagine Tether’s addition will probably be important in serving to it proceed to thrive.” – @paoloardoino, CTO at @Tether_to. https://t.co/3wZ55Bk6u7
— Polkadot (@Polkadot) September 23, 2022
Tether is now out there on 11 blockchain networks, together with prime sensible contracts and largest Proof-of-Stake community Ethereum, Tron, Avalanche, Solana, Kusama, Ethereum, Algorand, and EOS.
USDT can also be live on NEAR, Liquid Network, Omni, and Bitcoin Cash’s Standard Ledger Protocol.