Stablecoin issuer Tether plans to launch USDT on the Avalanche blockchain.
According to CTO Tether, USDT will be available in Avalanche is already in mid-June.After launch, the stablecoin will be available on nine blockchains: Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol, Ethereum, EOS, Liquid Network, Omni, Tron, and Solana.
High gas prices on the Ethereum network have raisedpopularity of USDT on other blockchains, primarily on Tron. According to TheBlock, the total USDT supply on Tron has already surpassed the USDT circulation on Ethereum.
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According to the materials www.theblockcrypto.com