Stablecoin Tether has deployed USDT tokens on the Tezos blockchain with plans to integrate several other blockchains, including Ethereum, Solana, and Polkadot.
XTZUSD is up +3.4%
USDT on Tezos will reportedly enhance applications across crypto payments and decentralized finance. The team added that the token would facilitate e-commerce, curb volatility, and offer a safe haven for remittances.
Tether supports transfers on various blockchain networks, including Solana, Kusama, Avalanche, EOS, Omni, TRON, and Liquid Network.
Tether’s CTO, Paolo Ardoino, welcomed the launch citing the fast pace of the blockchain, saying it will be useful in supporting the growth of the stablecoin.