Tether Operations Limited (“Tether”), the company that operates the tether.to platform, powered the largest stablecoin by market cap. Tether (“USDT”) token will be launched on Tezos, an upgradable Proof-of-Stake blockchain.
Adding USDT to Tezos Shows Growing Moment as a Blockchain The booming Proof-of-Stake, which continues to build on its reputation as the premier choice for brands and institutions looking to revolutionize Web3.
Tether’s USDt Now Available on 12 Blockchain Networks And welcomes the Tezos ecosystem to its $80 billion network, where USDT on Tezos will power revolutionary applications in payments, DeFi, and more.
“We are excited to launch USDT on Tezos, giving the growing and vibrant community access to the most liquid, stable, and reliable stablecoin in the digital token space,” said Tether CTO Paolo Ardoino. And we believe this integration will be important for long-term growth.”
Tezos is a unique network in the blockchain space. with nine upgrades It is a layer one network that evolves and upgrades successfully over time without relying on hard forks.
The upgrade reduces gas, increases transaction speed, and most recently, the upgrade replaces Tezos’ consensus engine with Tenderbake, a modified BFT algorithm similar to Cosmos’ Tendermint.
Tezos is ready to continue its unprecedented history with the next update. It introduces an optimistic overview that is ingrained in the network. Leading Proof-of-Stake
“With the launch of USDT, the on/off ramps in the Tezos DeFi ecosystem are simplified and efficient. Tezos is an exemplary system with features and tools that enable innovative application design. “The launch of USDT on Tezos will undoubtedly unlock new DeFi products. And we expect the impact on the volume growth of the Tezos DeFi ecosystem will be remarkable.”
The launch of USDT on Tezos underscores Tether’s dedication to pioneering collaboration and collaboration within the growing digital asset space. Tezos has a growing DeFi ecosystem that includes a yield farming protocol. It has Youves, a decentralized exchange and EVM bridge Plenty, and more. At launch, Tether will be the largest stablecoin by market cap on the network.
As a liquid stablecoin The most stable and innovative USDT’s market capitalization has grown to over $80 billion, with USDT running on a variety of blockchains, including Algorand, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Tezos, Tron, and Solana. and Tether is driving and supporting and promoting the growing investment and innovation in the blockchain space.
Learn more about Tether at tether.to
Learn more about Tezos at Tezos.com
About Tether
Tether is the dominant stablecoin with the highest market capitalization. Outperforming all competitors put together, Tether was created in October 2014 and has grown to become the most traded cryptocurrency. and is destroying the traditional financial system by introducing a more modern approach to finance. By introducing fiat-digital cash to bitcoin, Ethereum, EOS, Liquid Network, Omni, Tron, Algorand and Solana blockchains, as well as the smart contract platform Avalanche.
Tether makes an important contribution to an increasingly connected ecosystem. and combines the benefits of cryptocurrencies such as instant global transactions. with the benefits of traditional currency such as price stability With a commitment to transparency and compliance, Tether is a fast, low-cost way to transact money.
About Tezos
Tezos is smart money that defines what it means to hold and exchange value in a digitally connected world. With its self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos will bring future innovations. smoothly without interruption of the current network for more information please visit www.tezos.com