Tether launched the USDT stablecoin on the Tezos blockchain platform. This is already the twelfth network in which it is availableasset, representatives of the project told ForkLog.
“We are excited to launch USDT on Tezos, offeringA growing and dynamic community has access to the most liquid, stable and reliable stablecoin in the digital token market. Tezos is developing rapidly, we believe that this integration will be of great importance for the long-term growth of the platform,” said the company’s CTO Paolo Ardoino.
In addition to Tezos, Tether's stablecoin is available inEthereum, Solana, Avalanche, Algorand, Tron, Omni, EOS, Liquid Network, Kusama networks and the Standard Ledger protocol from Bitcoin Cash. In May 2022, the asset was also released on Polygon.
According to the company, USDT's market capitalization exceeds $72.5 billion. Most of the supply of the asset comes from the Tron and Ethereum blockchains ($38.73 billion and $36.81 billion, respectively).
Data: Tether.
Let us remind you that on May 26, Tether launched the MXNT stablecoin pegged to the Mexican peso.
