Tether launches USDT Stablecoin on Polkadot as ecosystem grows

Tether announced the launch of the USDT stablecoin on the Polkadot and Kusama networks. There was no specific launch schedule due to ongoing parachute training on Polkadot and Kusama blockchains. The news confirms Polkadot's desire to further conquer the decentralized finance (DeFi) market. Through a partnership, Polkadot has integrated Chainlink's pricing flows as an oracle palette. On Tuesday, April 6, Tether announced it would launch its USDT stablecoin on the Polkadot and Kusama networks. According to the announcement, there was no specific time set for the launch to complete. Tether launches USDT in Polkadot and Kasuma According to the announcement, the launch is currently not possible due to the ongoing parachute formation in the networks. Parachains are independent blockchains running in parallel in the Polkadot ecosystem (Polkadot and Kusama). Parachains can communicate with each other and with external networks such as Ethereum using bridges. This flexibility makes the Polkadot network more scalable, secure, and interoperable than traditional blockchains. According to the announcement, USDT will first be launched on Polkadot's cousin network Kasuma. Kasuma will be used to prepare for USDT's deployment to Polkadot, as in the past. This is possible as Polkadot and Kasuma share the same codebases. Attracting more Defi requests for Polkadot? Polkadot, one of the fastest growing cryptos and a famous Ethereum killer, has gained a lot of ground lately. Polkadot recently announced the integration of Chainlink as an oracle palette as it plans to expand the reach of price feeds to the DeFi market. The inclusion of Tether will be an additional factor in attracting more developers to the Polkadot ecosystem. Stablecoin has consistently played an important role in the growth of many other crypto ecosystems. Tether has a market value of over $ 43 billion per day Read more

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