Tether Limited has launched USD Tether (USDT) on Polkadot’s network, according to Tether. announceAs of Friday, USDT is a stablecoin tied to the US dollar with a market cap of nearly $67.5 billion, according toinformationfrom The Block
With the latest announcement, Tether is expanding its stablecoin capacity on various blockchains. Besides Polkadot, USDT Stablecoin is supported on other networks including Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron. and the Standard Ledger Protocol of Bitcoin Cash.
“We are delighted to launch USDT on Polkadot, giving the community access to the most liquid, stable, and reliable stablecoin in the digital token space,” said Paolo Ardoino, Chief Technology Officer at Tether.
“Polkadot is on a path of growth and evolution this year. And we believe that supporting Tether will be important in helping it grow.”
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