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Tether Operations Limited has rolled out the USDT token on leading blockchain development platform Polygon, with plans to play an essential role in boosting the ecosystem.
Source: Tether
USDT is up 0.01%, while MATIC is down 1.60%.
Tether’s addition to Polygon will provide a new stablecoin option for over 8,000 teams that build on the ecosystem, seeking to ease the adverse impacts associated with market volatility by providing a stable currency.
Tether Chief Technology Officer Paolo Ardolino noted that Polygon has recorded historical growth so far this year, and Tether will be “essential” in helping it continue to thrive moving forward.
The development cements Tether’s position as the most widely adopted stablecoin, making it available on 11 networks such as Kusama, Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Bitcoin Cash’s Standard Ledger Protocol.
Polygon currently has over 19,000 decentralized applications running on its network, reflecting a 500% growth from 3,000 in October last year.
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