KuCoin, the world’s leading cryptocurrency exchange, has launched Tezos (XTZ/USD) USDT (Tether) deposit services, Invezz learned from a press release.
This launch marks another important milestone for the self-changing, energy-efficient blockchain. In July, Tezos integrated Tether, the largest stablecoin by market cap.
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Increasing usage year after year
Tezos is becoming more popular every year. It is one of the most important developer ecosystems. The blockchain is known for being able to upgrade seamlessly without forks. It recently completed its 11th upgrade.
Dedicated higher L2 solutions
Future upgrades are expected to include built-in optimistic rollups enabling higher throughput, dedicated Layer 2 solutions for EVM and WASM virtual machines, anchored on the Tezos blockchain, with all calculations made auditable.
A magnet for brands and institutions alike
As a leader in energy efficiency with strong upgradeability and scalability, Tezos is an attractive choice for world-renowned brands such as The Gap, Manchester United, Team Vitality, McLaren Racing and more. These institutions are all looking to expand their reach into DeFi and Web3.
The launch also attests to the fast-growing Tezos DeFi and NFT community, which includes generative arts platform fx(hash), leading NFT marketplace Objkt.com, decentralized exchange and EVM bridge Plenty, and yield farming protocol Youve belong.
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