Tether stablecoin USDT live on Polkadot


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

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

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

ALSO READ  Cake DeFi Announces Earn for Crypto, Offering Up to 10% APY

USDT now on Polkadot

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

Polkadot is on a trajectory of growth and evolution this year and we believe the addition of Tether will be essential to help it continue to thriveTether CTO Paolo Ardoino said in a statement.

ALSO READ  The reason why Bitcoin and crypto market in general are plunging after a short-lived rise

With this launch, USDT will add a liquid and stable token to the network’s DeFi space and allow users to get in and out with ease – a factor that should not be downplayed 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.

ALSO READ  The White House's First Crypto Framework and Missed Opportunities - Law Decoded, September 12-19

USDT is also live on NEAR, Liquid Network, Omni and Bitcoin Cash’s Standard Ledger Protocol.


Please enter your comment!
Please enter your name here