Tether Limited has launched its USD Tether (USDT) stablecoin on Polkadot, an interoperable network connecting several proof-of-stake blockchains. Tether ປະກາດ on Friday that the stablecoin was now natively available on ລາຍຈຸດ.
USDT is the largest U.S. dollar-based stablecoin, with market capitalization of nearly $67.5 billion, according to ຂໍ້ມູນ from The Block. Tether maintains the value of the centralized stablecoin using a basket of assets and cash reserves.
With the latest announcement, Tether has further expanded its position as a stablecoin available across different blockchains. Besides Polkadot, the stablecoin is supported on other networks, including Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Bitcoin Cash’s Standard Ledger Protocol.
“We’re delighted to launch USDT on Polkadot, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space,” said Paolo Ardoino, chief technology officer at Tether. “Polkadot is on a trajectory of growth and evolution this year and we believe Tether’s addition will be essential in helping it continue to thrive.”
The launch will let developers integrate the asset in decentralized finance (DeFi) applications across parachains — modular blockchains that run in parallel across the Polkadot ecosystem.
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Vishal Chawla ເປັນນັກຂ່າວຜູ້ທີ່ໄດ້ກວມເອົາ ins ແລະ outs ຂອງອຸດສາຫະກໍາເຕັກໂນໂລຊີສໍາລັບການຫຼາຍກ່ວາເຄິ່ງຫນຶ່ງທົດສະວັດ. ກ່ອນທີ່ຈະເຂົ້າຮ່ວມ The Block, Vishal ໄດ້ເຮັດວຽກໃຫ້ບໍລິສັດສື່ມວນຊົນເຊັ່ນ Crypto Briefing, IDG ComputerWorld ແລະ CIO.com. ຕິດຕາມລາວໃນ Twitter @vishal4c.
Source: https://www.theblock.co/post/172633/tethers-usdt-stablecoin-goes-live-on-polkadot?utm_source=rss&utm_medium=rss