Tether has revealed that its stable token, USDT, is now compatible with the Tezos network and can be used there. Tezos is the most recent addition to the list of networks that can handle the USDT currency; it is the 12th network to do so. Over the course of the last twenty-four hours, the cost of one Tezos native token, represented by the symbol $XTZ and representing an increase of 11.02 percent, has increased by $2.2488.
Furthermore, the USDT stablecoin is available on a variety of other blockchains, including Ethereum, Polygon, and Tron.
Tether Operations Limited (commonly known as “Tether”), the company behind the blockchain-enabled platform tether.to, has announced the launch of its USDT stablecoin on the Polygon blockchain.
Because Polygon is home to hundreds of decentralized applications and projects, this latest development is significant for Tether.
Tether said in a press release issued to Coinjournal that it would help heavily to the upkeep of Polygon’s DeFi ecosystem. Tether will alleviate the potentially negative effects of market volatility by providing investors with a stable currency that may generate interest and be transferred into and out of the network.
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