Worlds News Tomorrow – Everyday News on favourite topics
Crypto

Tether now available on Polygon Network

[ad_1]

Listen to this article

Today the popular stablecoin issuer Tether announced that has launched tokens on the Polygon network.

Polygon (MATIC) is one of the most used layer-2 scaling solutions for the Ethereum network, allowing users to build and use dApps with lower fees and faster transactions.

Tether is the most used stablecoin, with a market capitalization of over 73 billion. Its daily trading volumes consistently exceed that of Bitcoin.

CTO of Tether, Paolo Ardoino, said that he was “excited to launch USD₮ on Polygon, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space”.

Polygon will be the eleventh network that Tether will run on. Its also available on Ethereum, Kusama, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Bitcoin Cash’s Standard Ledger Protocol.

Read more about Tether and stablecoins:

[ad_2]

Related posts

SWIFT experimenting with interoperability of CBDCs and existing payment systems

Pedro Hank

What is Tether backed by and what would happen to crypto if it collapsed?

Pedro Hank

DBS Bank, JP Morgan to take part in Singapore regulator’s asset tokenization pilot

Pedro Hank