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

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

Apr 6, 2021 at 10:00 a.m. UTC
Updated Sep 14, 2021 at 12:36 p.m. UTC

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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