Stablecoin Tether launches on Polygon Network

Stablecoin Tether launches on Polygon Network
фото показано с : invezz.com

2022-5-27 16:25

The stablecoin market has been part of the headlines since the second week of May. Post the TerraUSD (UST) massacre; investors felt shaky about the future of stablecoins.

Meanwhile, some positive news is coming up from the stablecoin market. Tether (USDT), the largest stablecoin by market capitalisation, has launched on Polygon (MATIC), a leading blockchain platform. The official announcement from Tether Operations Limited, the blockchain company behind USDT confirmed.

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. 

The launch on Polygon can prove to be a massive game-changer for 8000 teams building on Polygon Network as they get access to another stablecoin for payments and transactions, contributing to Polygon’s DeFi growth prospects.

Expressing his excitement, Paolo Ardoino, CTO at Tether said: 

“We’re excited to launch USDt on Polygon, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space.”

He further added: 

“The Polygon ecosystem has witnessed historical growth this year and we believe Tether will be essential in helping it continue to thrive.”

Polygon, formerly known as the MATIC network, is an interchain scalability solution that provides an architecture for constructing interoperable blockchain networks. It aims to combine the flexibility and scalability of alternative blockchains with the security, liquidity, and interoperability of Ethereum.

Polygon is the most recent addition to the networks currently supported by Tether, including Kusama, Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Bitcoin Cash’s Standard Ledger Protocol.

Currently, there are over 19,000 decentralised apps (dApps) operating on the Polygon Network, a 500% growth over October’s total of 3,000 dApps. In addition, Polygon completed over 3.4 billion total transactions, with over 135 million unique user addresses and over $5 billion in secured assets.

This newest contribution strengthens Tether’s and Polygon’s prominence and supports their positions.

The post Stablecoin Tether launches on Polygon Network appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

USDx stablecoin (USDX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.62 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.9385 (-100%)

stablecoin market stablecoins future shaky investors felt

stablecoin market → Результатов: 126


Фото:

Huobi Joins OKEx in Adding Four New Stablecoins

Huobi Global has announced its decision to list four USD-pegged stablecoins by the end of the week. In a support notice published on its platform, the company noted that users will be able to make deposits for Paxos Standard Token (PAX), True USD (TUSD), Circle’s (USDC), and Gemini exchange’s (GUSD) on its exchange starting from Friday, October 19, 2018 (GMT +8).

2018-10-17 21:15


Tether (USDT) Stablecoin Attempts to Calm Instability Concerns with Latest Statement

Tether Attempts to Calm Instability Concerns Tether recently released a statement attempting to calm the market concerning the seeming instability of its coin in the past 36 hours. The statement, made by Tether’s Leonardo Real, was: “Tether is the leading provider of tokenized fiat currencies and is listed on many exchanges worldwide. We would like […]

2018-10-16 19:18


Фото:

OKCoin USA Will Issue Chinese Yuan Stablecoin, Says CEO Star Xu

The founder of Chinese cryptocurrency exchange OKCoin confirmed its US sister operation, OKCoin USA, will issue a stablecoin backed by the Chinese yuan (RMB). Xu: Stablecoin Will Be ‘Fully-Compliant’ In a series of tweets, Star Xu, who also founded both platforms’ parent company, OKGroup, delivered a highly bullish forecast on the future of the stablecoin market — which is seeing multiple market entrants this year.

2018-10-11 00:00