Join Our Mailing List
Sunday February 05, 2023
Bitcoin (BTC) $23,342.25   Ethereum (ETH) $1,661.44
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Networks & Protocols

Tether’s USDt now live on Polygon network

Published by CryptoNinjas.net
05/27/2022
Tether's USDt now live on Polygon network

Tether, the company operating the blockchain-enabled stablecoin platform, announced it has now launched the Tether token (USDt) on Polygon (formerly MATIC), the Ethereum blockchain scaling and development platform.

The addition of Tether to the Polygon ecosystem is a milestone moment as it offers a new stablecoin option for more than 8,000 teams building on Polygon. Tether alleviates the potential adverse effects associated with market volatility by providing a stable currency for investors to generate yield, and move in and out of the network.

Polygon is a layer-2 scaling solution that runs on top of the Ethereum blockchain — allowing for speedy transactions and low fees.

Currently, there are more than 19,000 decentralized applications (dApps) running on its network, a 500% increase from 3,000 dApps in October, per Alchemy data. According to the network, its PoS has processed over 1.6 billion total transactions, with over 142 million unique user addresses and over $5 billion in assets safeguarded.

“We’re excited to launch USDt on Polygon, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space,” said Paolo Ardoino, CTO at Tether.”

This announcement furthers Tether’s position as the most widely adopted stablecoins, having pioneered the concept in the digital token space. The stablecoin is now live on a total of eleven networks and counting including Kusama, Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Bitcoin Cash’s Standard Ledger Protocol.

50
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Source: tether.to

Related News

Kaleido to leverage Polygon Edge to accelerate enterprise blockchain projects

07/21/2022
Kaleido to leverage Polygon Edge to accelerate enterprise blockchain projects

Kaleido, an enterprise-grade web3 infrastructure platform, today announced it will leverage Polygon Edge, a dedicated framework allowing organizations to deploy customizable, application-specific, and highly performant blockchain networks. A carbon-neutral Ethereum-based scaling platform, Polygon reduces...

Read more

Polygon set to release zero-knowledge (ZK) scaling solution compatible with Ethereum

07/20/2022
Polygon set to release full zero-knowledge (ZK) scaling solution compatible with Ethereum

Polygon, the popular Ethereum-focused scaling platform, today announced the launch of Polygon zkEVM, the first Ethereum-equivalent scaling solution that works seamlessly with all existing smart contracts, developer tools, and wallets, harnessing advanced cryptography called...

Read more

Tether to launch British Pound Sterling (GBP)-pegged token in early July

06/22/2022
Tether to launch British Pound Sterling (GBP)-pegged token in early July

Tether, the blockchain-enabled stablecoin platform, today has announced that it will be launching Tether tokens (GBP₮) pegged to the British Pound Sterling in early July. Initial blockchain support will include Ethereum. The newly launched...

Read more

Hex Trust adds support for Polygon (MATIC) to enable licensed secure custody

06/13/2022
Hex Trust adds support for Polygon (MATIC) to enable licensed secure custody

Hex Trust, a licensed and insured provider of bank-grade custody and associated services for crypto-assets in Asia, announced today it has successfully integrated Polygon, the full-stack scaling solution for Ethereum, into its crypto-asset custody...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy