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Tether Launches USDT on the Tezos Blockchain

ByLouis Adams

Jun 10, 2022 #Stablecoin
Reading time: < 1 minute

Tether, the issuer of the stablecoin USDT, has announced that it has launched the asset on the Tezos blockchain.

According to the project, this is the twelfth network in which the asset is available.

Tezos CTO Paolo Ardoino has said:

“We are excited to launch USDT on Tezos, offering a growing and vibrant community access to the most liquid, stable and trusted stablecoin in the digital token market. Tezos is growing rapidly and we believe this integration will go a long way towards the long-term growth of the platform.”

In addition to Tezos, the stablecoin is available on the Ethereum, Polygon, Solana, Avalanche, Algorand, Tron, Omni, EOS, Liquid Network, Kusama and Standard Ledger protocols from Bitcoin Cash.

USDT reportedly has a market cap of more than $72.5 billion.