Tezos is now the 12th blockchain network to host USDT tokens across payments, DeFi, and more.
Tether, the issuer of the world’s largest stablecoin, has announced the launch of USDT on the Tezos blockchain, thus expanding the number of networks supporting the asset to 12.
The layer 1 network, Tezos, uses a variant of Proof-of-Stake , known as liquid Proof-of-Stake , and is designed to undergo changes without initiating a hard fork into two separate blockchains. Subsequent upgrades have decreased gas costs, as well as a lowered carbon footprint., the introduction of USDT on Tezos is expected to simplify and enhance the on and off-ramps into the latter’s decentralized finance ecosystem.
Alessandro De Carli, a founder at Papers, also weighed in on the matter, indicating that the introduction of USDT on Tezos will make the latter’s DeFi ecosystem more efficient and simple to use.At the time of writing, Tether has held on to the position as the stablecoin leader with over a $72 billion market cap despite brieflyIn an effort to grow its product line, the company behind the stablecoin
a new type of stablecoin, backed by the Mexican peso. At first, MXNT will be available on three main blockchains – Ethereum, Tron, and Polygon.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Circle launches support for Polygon USDC stablecoin on its payments platformStablecoin issuer Circle has added support for Polygon USDC on its payment service for clients like exchanges and institutional trading desks.
Read more »
Cardano Inching Closer to Vasil Hard ForkThe Cardano blockchain is just week from launching the Vasil hard fork
Read more »
Cronos Establishes $100 Million War Chest to Launch Accelerator Program | HackerNoonThe Cronos Accelerator Program is designed to enable early-stage crypto companies looking for mentoring, investment, and growth to get the aid they need.
Read more »
Checkout.com launches 24/7 stablecoin settlement in partnership with FireblocksMerchants that use Checkout.com can now get paid in USDC and convert the funds directly into fiat. Story by CT business editor forgeforth_
Read more »