Tether’s USDT to Launch on Kusama With Polkadot to Follow
It’s slated to become the first stablecoin to launch on Polkadot.
The deputy governor said bitcoin and stablecoins were investment options and not currency during the Boao Forum on Sunday.
The companies say the move will eliminate bottlenecks in the moving and settling of Japanese yen associated with traditional financial rails.
The pilot would see a single stablecoin pegged to the U.S. dollar.
The TRIBE governance token’s FEI stablecoin project recently saw whales making gains and retail getting rekt.
The episode could be the tipping point where retail crypto traders realize they have to be more judicious about buying into protocol launches.