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Tether has announced the launch of its USDT stablecoin on the Polygon network, a layer-two solution for Ethereum.This is the eleventh network on which the largest stablecoin is available.
At the moment, users of Ethereum, Solana, Avalanche, Algorand, Tron, Omni, EOS, Liquid Network, Kusama, and Standard Ledger Protocol (Bitcoin Cash blockchain) can get access to USDT.
Given that there are more than 19,000 decentralized applications launched on Polygon, the addition of USDT will allowAlthough USDT is available on a large number of networks, the stablecoin is only widely used on Ethereum and Tron.
Now the total capitalization of USDT is more than $72 billion, and the competing stablecoin USDC hasUSDT's capitalization decreased by $9 billion amid the collapse of the Terra ecosystem and the UST stablecoin - two weeks ago, the figure exceeded $83 billion.
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Tell me who your friend is and I will tell you who you are. Pornhub added the Tether stablecoin (USDT) to the payment option.