Tether’s stablecoin USDT, with over $80 billion in circulation, has been launched on the Kusama network. USDT, the largest stablecoin by market cap, is currently on several networks, and the company’s executives think it will help develop the decentralized application.
According to a post published on April 13, Tether’s stablecoin USDT has been launched on Polkadot’s Kusama network. Kusama is the latest network where USDT is available and joins a list that includes Ethereum, TRON, Algorand and EOS. USDT will be on the first parachain on the Kusama network Statemine.
USDT Launched on Kusama Network Noting that the addition of
Tokens to the Kusama network is a milestone, Tether stated that he is pleased to offer USDT to decentralized application on multiple networks.
Tether’s Chief Technology Officer, currently available on several networks and the most widely used stablecoin in the market Responsible Paolo Ardoino expressed his excitement about the launch and said;
“For those who believe in the importance of decentralized ecosystems, Kusama is an excellent representation of this. It’s a platform built to put control in the hands of its users and we look forward to becoming an important presence in an ever-growing ecosystem.”
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