Tether (USDT) Launched on Polkadot Network:
Tether, the company behind the third-largest cryptocurrency by market cap, USDT, announced the USDT launch on Polkadot network.
This makes USDT available on roughly a dozen blockchain networks.
As contained in the announcement, Polkadot was described as a “full-stack Web 3 ecosystem built for the multi-chain future.”
Adding that it has a “multi-chain application environment where activities such as cross-chain registries and cross-chain computation are possible,”
Tether revealed that the expansion to Polkadot aids the stablecoin to keep increasing its ground in decentralized ecosystems.
Company CTO, Paolo Ardoino, commented;
“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. 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.”
Polkadot now joins other networks like Kusama, Ethereum, Solana, Algorand, Tron, Omni, and the recently-added NEAR, to host USDT.