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Tether’s USDT to Launch on Kusama With Polkadot to Follow
It’s slated to become the first stablecoin to launch on Polkadot.
Updated Sep 14, 2021, 12:36 p.m. Published Apr 6, 2021, 10:00 a.m.
Tether is set to go live on Polkadot following a launch on the network’s cousin, Kusama.
STORY CONTINUES BELOW
- The aim is for USDT to be the first-ever stablecoin on the Polkadot network, according to an announcement Tuesday.
- Polkadot is a network that supports various interconnected blockchains called parachains. It is set to go fully live later this year.
- Polkadot’s DOT token is currently the fourth-largest cryptocurrency by market cap, according to CoinGecko.
- Kusama launched in 2019 as a pre-production environment to Polkadot, known as a “canary network.”
- Tether is the world’s largest stablecoin with a market capitalization of over $40 billion.
- It recently launched on its eighth blockchain, Solana.
Read more: Tether Takes Step Toward Transparency With First Accounting Firm Report Card
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