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USDT is listed on Polkadot Ecosystem

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1 month ago
Topics: Polkadot, Blockchain, Usdt, Investing, BTC, ...

Last week, USDT, the world's largest stablecoin Tether token, was now listed on Polkadot, and Tether said that the addition of USDT to the Polkadot blockchain ecosystem is "another milestone" for the stablecoin issuer.

As of now, USDT is now hosted on 15 different blockchain networks, including Kusama, Ethereum, Solana, Algorand, Tron, and more.

As early as May this year, with the official implementation of the Kusama 197 referendum, the USDT assets issued by the Tether team in Satemine were defined as sufficient (Sufficient) assets, which means that users do not have to hold a minimum KSM balance to use USDT, the asset can be Freely circulated in the Kusama ecosystem.

With the addition of UDST, more and more parachains will integrate USDT into their own application scenarios in the future, and bring a positive effect to the Polkadot ecosystem. Paolo Ardoino, CTO of Tether, said that Polkadot is in the On a growth and development trajectory, we believe the addition of Tether is critical to helping it continue to thrive.

At present, more than $6 million USDT has been added to the Polkadot and Kusama ecosystems. Details can be found here:

https://tether.to/en/transparency/

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