- USDT trading at $0.999468 with a trading volume of $47,211,505,618.
- Tether’s USDT is available on 12 blockchain networks.
Tether Operations Limited (Tether), the blockchain-enabled platform which powers the world’s most valuable stablecoin by market capitalization, will launch Tether tokens (USDT) on Tezos, a unique expandable Proof-of-Stake blockchain (PoS).
USDT to Tezos indicates the blockchain’s growing popularity as a robust Proof-of-Stake network that continues to establish itself as the top alternative for companies and institutions who seek to participate in the Web3 revolution. Tether’s USDT is available on 12 blockchain networks and USDT on Tezos will power groundbreaking applications in payments, DeFi, etc.
The chief technology officer (CTO) Paolo Ardoino said,
We’re excited to launch USDT on Tezos, offering its growing and vibrant community access to the most liquid, stable, and trusted stablecoin in the digital token space. Tezos is coming fast onto the scene and we believe that this integration will be essential to its long-term growth.
Tezos is nine upgrade blockchain space and the layer one blockchain network that has successfully evolved and upgraded over time without relying on hard forks. These upgrades have reduced gas prices and reduced carbon footprint. Tether’s collaboration within the developing digital asset market will be highlighted even more with the introduction of USDT on Tezos.
USDT on Tezos
USDT is connected with Algorand, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Tezos, Tron, and Solana blockchains. Tether is driven by a desire to encourage and empower emerging blockchain companies and innovation.
Tenderbake, a modified BFT algorithm similar to Cosmos’ Tendermint, even replaced Tezos’ consensus mechanism with these upgrades. Tezos’ unparalleled track record is expected to continue with its next update, which will bring highly optimistic roll-ups to the leading Proof-of-Stake network.
Tezos features a developing DeFi ecosystem that includes Youves, a yield farming protocol, Plenty, a decentralized exchange and EVM bridge, and more.
