The leader of stablecoins and third among all cryptocurrencies Tether (USDT)Now polkadot It will also be mint on the network.
With the development, users will be able to transfer USDT tokens using the DOT network.
Tether announced the news of the Polkadot network by posting a video on Twitter at noon today.
Tether Tokens (USD₮) Live on Polkadot https://t.co/992OGgM2Nu pic.twitter.com/DOmYTPl5QZ
— Tether (@Tether_to) September 23, 2022
Tether Holdings CTO Paolo Ardoino said about the bilateral agreement:
“Tether can now be minted on the Polkadot network as well. Polkadot has made significant progress this year. We want to continue our development with Polkadot. We will make great contributions to each other.”
With the development, the Polkadot blockchain Acala Network, Moonbeam Network and Primer Network In-network chains such as
USDT is currently Avalanche, Ethereum, Algorand, NEAR like 11 pcs blockchain operates on the network.
What is Polkadot? What Does It Do?
Polkadot is a decentralized Web3 blockchain. DOT aims to establish a decentralized Web3 network by connecting decentralized websites in a public and transparent manner.
DOT shared on Twitter last week that it is the blockchain network with the most developer activity, according to Santiment data.
TOP BLOCKCHAIN PLATFORMS BY WEEKLY DEVELOPMENT ACTIVITIES
— Polkadot Insider (@PolkadotInsider) September 18, 2022
After the Tether news, there was no significant increase in the DOT price.
$DOTAs of writing, it is trading at $6.26, down 3% daily.
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