Tether’s USDT to Launch on Kusama With Polkadot to Follow

It’s slated to become the first stablecoin to launch on Polkadot.

By Jamie Crawley

Apr 6, 2021, 10:00 AM

Updated Aug 19, 2021, 8:34 AM

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Tether is set to go live on Polkadot following a launch on the network’s cousin, Kusama.

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.

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Jamie Crawley

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