Tether has launched its native token USDT on Polkadot Network, the company announced in a Friday statement.
Polkadot is a decentralized, open source blockchain platform. It is a full-stack Web3 ecosystem that supports cross-chain registers and cross-chain computation. Moreover, the blockchain platform continues to increase its presence in decentralized ecosystems with the addition of the stablecoin. At the same time, the addition of Tether will block “potential adverse effects associated with market volatility.”
In addition, Tether users can use the Polkadot Relay Chain to exchange information and USDT transactions in a secure and reliable manner, the announcement blog said.
“We are excited to launch USD₮ on Polkadot, giving the community access to the most liquid, stable and trusted stablecoin in the digital token space,” said Paolo Ardoino, CTO at Tether. He adds: “Polkadot is on a trajectory of growth and evolution this year and we believe the addition of Tether will be essential to help it continue to thrive.”
Overall, the Tether Stablecoin is now available on eleven blockchain networks. According to the company, it is also looking to expand beyond that number after its addition to Polkadot on Friday. Currently you can find Tether on the following networks:
- Avalanche
- Kusama
- Ethereum
- Solana
- algorithm
- EOS
- Liquid network
- Omni
- Tron
- NEAR
- Bitcoin Cash’s Standard Ledger Protocol.