Tether Tokens (USDT) live on Polkadot
Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization, announced the launch of Tether tokens (“USD₮”) on Polkadot.
By Polkadot•September 22, 2022Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization, announced today the launch of Tether tokens (“USDT”) on Polkadot, a decentralized, open-source blockchain platform.
Polkadot is a full-stack Web3 ecosystem built for the multichain future. It is a true multi-chain application environment where activities such as cross-chain registries and cross-chain computation are possible. Polkadot facilitates independent blockchains to exchange information and transactions in a secure and trustless way via the Polkadot Relay Chain, making it easier to create and connect decentralized applications, services, and institutions.
The addition of Tether to the Polkadot ecosystem is another milestone from the industry’s leading stablecoin as it continues to increase its presence in decentralized ecosystems. It will alleviate the potential adverse effects associated with market volatility and provide a stable currency to generate yield, and move in and out of the network.
“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,” said Paolo Ardoino, CTO at Tether. “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.”
The launch of USDT on Polkadot further highlights Tether's dedication to pioneering collaboration and interoperability within the growing digital asset space. The stablecoin is now live on a total of eleven networks and counting including Kusama, Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, NEAR and Bitcoin Cash’s Standard Ledger Protocol.
About Tether
Tether is the preeminent stablecoin and a pioneer for financial freedom and innovation. Created in October 2014, Tether has grown to become the most traded cryptocurrency, surpassing that of all rival offerings combined. Tether is disrupting the legacy financial system by offering a more modern approach to money By introducing fiat currency-digital cash to bitcoin, Ethereum, EOS, Liquid Network, Omni, Tron, Algorand, NEAR and Solana blockchains, as well as smart contract platform, Avalanche, Tether makes a significant contribution to a more connected ecosystem. Tether combines digital currency benefits, such as instant global transactions, with traditional currency benefits, such as price stability. With a commitment to transparency and compliance, Tether is a fast and low-cost way to transact with money.
About Polkadot
Polkadot is a decentralized, open-source blockchain platform that unites a network of heterogeneous blockchains called parachains and parathreads, forming the basis for a truly interoperable decentralized web. These chains connect to and are secured by the Polkadot Relay Chain.
Important note
This press release is not an offer to sell or the solicitation of an offer to buy USDT. Tether Limited and Tether International Limited will only sell or redeem USDT pursuant to the terms of service available (as of the date of this press release) at https://tether.to/en/legal.
Media inquiries: press@parity.io
