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Tether stablecoin USDT live on Polkadot

Tether stablecoin USDT live on Polkadot

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Tether’s USDT is now live on 11 blockchain networks and ecosystems, including Ethereum, Tron, and Solana.

Tether, the company behind USDT, the world’s largest and most used US dollar-pegged stablecoin, is announced that the tokens are now in use on the Polkadot (DOT) blockchain.

USDT, with a market cap of over $68 billion, is currently the third largest by market cap behind Bitcoin (BTC) and Ethereum (ETH).

USDT now on Polkadot

Polkadot is a decentralized blockchain platform that supports the thriving Web3 ecosystem, and the launch of the USDT stablecoin is another milestone set to accelerate the growth of the network and benefit the user community.

Polkadot is on a growth and evolution trajectory this year and we believe the addition of Tether is necessary to help it continue to thrive“, Tether CTO Paolo Ardoino said in a statement.

With this launch, USDT adds a fluid and stable token to the DeFi space of the network and allows users to move in and out easily – a factor not to be underestimated in a volatile market.

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.



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