A large portion of Polkadot network users were expecting this and Tether Limited has made it happen. The company has officially announced the launch of the USDT stablecoin on Polkadot. This news is very important for the stablecoin, because thanks to this new achievement, it strengthens its position in the market.
Another milestone achieved by USDT
To date, USDT is the largest US dollar-based stablecoin. Capitalization with close $67.5 billion According to The Block, it is clearly one of the most prominent cryptos. Already supported by various networks, stablecoin Now it opens its horizons to a new audience: Polkadot users. It was already available on several other blockchains: Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron and Bitcoin Cash’s standard ledger protocol.
Commenting on the launch of Polkadot, Tether’s Chief Technology Officer Paolo Arduino said: “We are thrilled to launch USDT on Polkadot, giving its community access to the most liquid, stable and trusted stablecoin in the digital token space.” So, the goal is to allow crypto To reach a new community.
Mr. Arduino also added: “Polkadot has been on a trajectory of growth and evolution this year, and we believe the addition of Tether will be critical in helping it thrive.” Developers will also be able to with launch Integrate USDT into DeFi applications Based on Polkadot.
Polkadot blockchain users can rub their hands together. In fact, Tether (USDT) is now available on the network, which increases the possibility of new people getting interested in this crypto. Moreover, developers can now use it to create new applications or introduce it to already successful applications in the market.
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Far from dampening my enthusiasm, a failed investment in a cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand blockchain and its many uses and relay my pen information related to this ecosystem.