Tether will launch the largest stablecoin USDT on the Tezos network. USDt on Tezos will power revolutionary applications in payments, DeFi and more.
Tether CTO Paolo Ardoino made the following statements on the subject:
“We are excited to launch USDt on Tezos, offering access to the most liquid, stable and reliable stablecoin in the digital token space. Tezos is fast coming onto the scene and we believe this integration will be essential for long-term growth.”
Tezos will be the 12th network where Tether’s USDT can be used. Tether also announced the launch of USDT on Polygon the other day.
Tether has been expanding the network reach of USDT in recent weeks. Apart from Tezos, USDT can be used on Ethereum, Solana, Avalanche, Polygon, Algorand, Tron, Omni, EOS, Liquid Network, Kusama, and Bitcoin Cash’s Standard Ledger Protocol.
Tether said that the launch of USDT on Tezos will help the DeFi ecosystem of its blockchain network. “Several major projects have been launched at Tezos, including those in the fashion, music, gaming and arts industries,” Tether told The Block.
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