Tether, the world’s largest stablecoin by market cap, has officially launched on Tezos and is available on popular exchange Bitfinex.
British Virgin Islands
–News Direct–
Tether Operations Limited (“Tether”), the company that powers the blockchain-enabled platform tether.to, has announced that it is officially live on Tezos, an energy-efficient, self-modifying blockchain, and is now trading on the popular exchange can be , Bitfinex. The launch of USD₮ on Tezos shows the growing momentum for the largest stablecoin by market cap.
“We’re excited to be live on Tezos, offering its growing and vibrant community access to the most liquid, stable, and trusted stablecoins in the digital token space,” said Paolo Ardoino, CTO at Tether.
The integration of USD₮ on Tezos is a major milestone for the original smart contract proof-of-stake blockchain network. 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. Tezos, known for its ability to upgrade seamlessly and without forks, is expected to include features like anchored optimistic rollups in its future upgrades – these enable higher-throughput, dedicated Layer 2 solutions for EVM and WASM virtual machines, where all Calculations are verifiable and anchored in the Tezos blockchain.
These features make Tezos a platform of choice for many brands and institutions looking to enter the world of decentralized finance and Web3. The announcement is also a testament to the fast-growing and vibrant Tezos ecosystem, which includes the top five NFT marketplaces Objkt.com, the leading generative arts platform fx(hash), DeFi applications like the yield farming protocol Youves, and the decentralized Interchange and the EVM Bridge Plenty includes major brands such as Manchester United, McLaren Racing, Team Vitality, The Gap and more.
The launch of USD₮ on Tezos underscores Tether’s commitment to pioneering collaboration and interoperability in the growing space of digital assets. Tether is still at the forefront of the biggest leap forward the financial industry has ever seen.
About Tether
Tether is the preeminent stablecoin and a pioneer of financial freedom and innovation. Launched in October 2014, Tether has grown to become the most traded cryptocurrency, beating all competing offerings combined. Tether is disrupting the legacy financial system by offering a more modern way of handling money, introducing fiat currency – digital cash – to Bitcoin, Ethereum, EOS, Liquid Network, Omni, Tron, Algorand and Solana blockchains, as well as the Avalanche smart contract platform, Tether makes a significant contribution to a more connected ecosystem. Tether combines the advantages of digital currencies, such as instant global transactions, with traditional currency advantages, such as price stability. With a commitment to transparency and compliance, Tether is a fast and cheap way to trade money.
Learn more about Tether at tether.to
About Tezos
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-updating and energy-efficient proof-of-stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations today without network disruption. Visit www.tezos.com for more information.
Learn more about Tezos at Tezos.com
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