Bitfinex enables Tether token (USDt) deposits and withdrawals on Tezos

Bitfinex enables Tether token (USDt) deposits and withdrawals on Tezos

July 21, 2022
in media releases

ROAD TOWN, British Virgin Islands, July 21, 2022 – Bitfinex, a cutting-edge digital token trading platform, has enabled its users to deposit Tether token (USDt) on Tezos, an open-source decentralized blockchain that can perform and serve as peer-to-peer transactions and stand out a platform for deploying smart contracts.

The launch of USDt on Tezos is the 12th blockchain where USDt is available, in addition to Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Kusama, Polkadot, Tron and Solana .

“We’re excited to add another blockchain for our customers to stake their Tether tokens,” said Paolo Ardoino, CTO at Bitfinex. “Tezos is a popular smart contract platform and is home to a vibrant ecosystem spanning everything from digital art and NFTs to gaming and decentralized finance (DeFi).”

Tezos saw a significant year-over-year increase in usage and was listed among the largest developer ecosystems according to the annual Electric Capital Developer Report. Known for its seamless and forkless upgrade capabilities, Tezos is expected to include features such as anchored optimistic rollups in its future upgrades, enabling higher throughput dedicated Layer 2 solutions for EVM and WASM virtual machines, with all calculations verifiable and anchored on the Tezos blockchain.

Tezos is a fast growing and vibrant ecosystem that includes a top 5 NFT marketplace, Objkt.com, the leading generative arts platform fx(hash), DeFi applications like the yield farming protocol Youves, and the decentralized exchanges and the EVM Bridge Plenty as well as a variety of owned brands including Manchester United.

Claiming to be one of the fastest growing blockchain ecosystems, Tezos is a vibrant community of builders and creators from around the world, including over 400 reviewers from nearly 40 countries.

Supported by numerous e-commerce platforms and payment gateways, USDt already offers faster payment compared to credit and debit cards and traditional payment systems.

Leveraging its position as a one-stop shop for crypto trading, Bitfinex offers a variety of services including margin trading with up to 10x leverage.

*All users of www.bitfinex.com are subject to the Bitfinex Terms of Service [Link to the TOS] (“CONDITIONS”). Please note that US Persons (as defined in the TOS) in addition to other Prohibited Persons (as defined in the TOS) are strictly prohibited from directly or indirectly holding an Account (as defined in the TOS) on www.bitfinex, own or operate .com.

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About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform that offers state-of-the-art services to traders and global liquidity providers. In addition to a range of advanced trading features and charting tools, Bitfinex offers access to peer-to-peer funding, an OTC market and margin trading for a wide range of digital tokens. Bitfinex’s strategy is focused on providing unparalleled support, tools and innovation to experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.

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