USDT, with a market capitalisation of greater than $68 billion, is at the moment 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 progress and profit the group of customers.
“Polkadot is on a trajectory of progress and evolution this 12 months and we imagine Tether’s addition shall be important in serving to it proceed to thrive,” Tether CTO Paolo Ardoino said in a press release.
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 unstable market.
Tether launched on Polkadot offering a steady foreign money to maneuver out and in of the community.
“Polkadot is on a trajectory of progress and evolution this 12 months and we imagine Tether’s addition shall 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 obtainable on 11 blockchain networks, together with prime good contracts and largest Proof-of-Stake community Ethereum, Tron, Avalanche, Solana, Kusama, Ethereum, Algorand, and EOS.
USDT can also be dwell on NEAR, Liquid Community, Omni, and Bitcoin Money’s Commonplace Ledger Protocol.