Tether Reveals USDT Stablecoin Is Now Supported by Polkadot

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Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin’s new support follows the token being added to the Near Protocol 11 pred dnevi. The news further follows Tether being ordered by a New York judge to produce financial documents last Tuesday.

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Polkadot Blockchain Ecosystem Adds Tether

Pred kratkim Tether Operations Limited announced that it was added to the Near Protocol on September 12 in 11 dni kasneje, the stablecoin firm revealed it is now hosted on the Polkadot blockchain.

Pikasta (DOT) is an open source distributed ledger project that connects blockchains, decentralizirane finance (defi), and the Web3 ecosystem. Tether manages the largest stablecoin asset worldwide as it commands a ​​$68.24 billion market valuation on September 23.

Izven $963.16 billion crypto economy today, USDT dominates by 7.078% of that value. V petek, Tether said the addition of USDT to the Polkadot blockchain ecosystem is “another milestone” for the stablecoin issuer.

After being added to the Near Protocol and Polkadot Polkadot blockchain ecosystem, USDT is now hosted on 15 different blockchain networks. In a note sent to Bitcoin-Tidings.com News, Paolo Ardoino, the CTO at Tether said the company is “delighted” to launch tether on the Polkadot blockchain network.

“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,” Ardoino noted. In the last 30 days statistics show that tether’s market cap grew by 0.8% and on Friday, USDT ukazi $45.51 billion of the $81.84 billion in global crypto trade volume.

Tether’s volume equates to 55.60% od $81.84 billion in swaps today and 62% of all BTC trades today are paired with tether. The Polkadot blockchain support follows a New York judge ordering Tether Operations Limited to produce financial documents that show USDT’s backing.

The judge’s order stems from a class action lawsuit filed three years ago by five plaintiffs. The case further involves the law firm Roche Freedman LLP and just recently Tether’s lawyer rekel the law firm should be dropped from the case following the polemika surrounding Roche Freedman’s co-founder Kyle Roche.

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What do you think about tether being added to the Polkadot blockchain ecosystem? Sporočite nam, kaj mislite o tej temi v spodnjem oddelku za komentarje.

Jamie Redman

Jamie Redman je vodja novic pri Bitcoin-Tidings.com News in finančni novinar, ki živi na Floridi. Redman je od takrat aktiven član skupnosti kriptovalut 2011. Ima strast do bitcoinov, odprtokodna koda, in decentralizirane aplikacije. Od septembra 2015, Redman je napisal več kot 6,000 članki za Bitcoin-Tidings.com Novice o motečih protokolih, ki se pojavljajo danes.




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