Share this article
Tether’s USDT to Launch on Avalanche
The company behind the stablecoin also said that through an integration with Bitfinex, investors would have fast access to the token on the crypto exchange at low cost.
By Helene Braun
Updated May 11, 2023, 7:08 p.m. Published Nov 10, 2021, 3:00 p.m.
Make us preferred on Google
Tether is going live on the decentralized finance (DeFi) platform Avalanche, the company behind the largest stablecoin by market capitalization announced Wednesday.
- Tether Operations Limited said that the launch of tether tokens on Avalanche would “support the long-term growth and sustainability of the Avalanche network” while boosting stablecoin usage across the DeFi ecosystem.
- The company also announced that users of the crypto exchange Bitfinex would be able to buy and sell USDT quickly and at lower fees than they currently pay.
- Tether CTO Paolo Ardoino said in a statement that the company “was excited” to offer the Avalanche community access to the stablecoin. “For those who believe in the development of layer-1 blockchain platforms Avalanche represents an evolved project that boasts Ethereum Virtual Machine compatibility and could be an essential driver for developers looking to port decentralized applications over from Ethereum,” he added.
- The highly scalable Avalanche ecosystem is compatible with Ethereum smart contracts and tooling. Avalanche’s user activity has skyrocketed this year, and the platform has over 670,000 unique addresses.
- Tether, which has a market capitalization of $73 billion, most recently launched on Polkadot, Kusama and Solana, among other platforms.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Tokenization firm Securitize reports 841% revenue growth as it prepares to go public
With crypto prices and crypto-related stocks in the midst of a major selloff today, Securitize SPAC merger partner Cantor Equity Partners II is higher by 4.4% on the news.
What to know:
- Securitize continued toward an ultimate public listing via a SPAC merger with Cantor Equity Partners II (CEPT).
- The company reported an 841% year-over-year increase in revenue to $55.6 million for the nine months ended September 2025.
- CEPT stock gained 4.4%, outperforming sharply lower crypto markets.
Top Stories
