{"id":162180,"date":"2022-08-15T21:37:25","date_gmt":"2022-08-15T21:37:25","guid":{"rendered":"https:\/\/precoinnews.com\/?p=162180"},"modified":"2022-08-15T21:37:25","modified_gmt":"2022-08-15T21:37:25","slug":"tether-tokens-usdt-to-launch-on-tezos","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/tether-tokens-usdt-to-launch-on-tezos\/","title":{"rendered":"Tether Tokens (USDt) to Launch on Tezos"},"content":{"rendered":"

Tether Operations Limited (\u201cTether\u201d), the company operating the blockchain-enabled platform <\/span>tether.to<\/span> that powers the largest stablecoin by market capitalization, will launch Tether tokens (\u201cUSDt\u201d) on Tezos, a pioneering upgradable Proof-of-Stake blockchain. The addition of USDt to Tezos demonstrates its growing momentum as a thriving Proof-of-Stake blockchain which continues to build a reputation as the leading choice for brands and institutions looking to build the Web3 revolution.\u00a0<\/span><\/p>\n

\u00a0<\/span>Tether\u2019s USDt, now available on 12 blockchain networks, welcomes the Tezos ecosystem to the US $80 billion network. USDt on Tezos will power revolutionary applications across payments, DeFi, and more.\u00a0<\/span><\/p>\n

\u201cWe\u2019re excited to launch USDt on Tezos, offering its growing and vibrant community access to the most liquid, stable, and trusted stablecoin in the digital token space,\u201d <\/span>said Paolo Ardoino, CTO at Tether. <\/b>\u201cTezos is coming fast onto the scene and we believe that this integration will be essential to its long-term growth.\u201d\u00a0<\/span><\/p>\n

Tezos is a unique network in the blockchain space, with nine upgrades, it is the only layer one blockchain network to successfully evolve and upgrade over time without relying on hard forks. Upgrades have decreased gas costs, lowered carbon footprint, and most recently, such upgrades even replaced Tezos\u2019 consensus mechanism with Tenderbake, a modified BFT algorithm similar to Cosmos\u2019 Tendermint. Tezos is set to continue its unprecedented track record with its next update which which will introduce enshrined optimistic roll-ups to the leading Proof-of-Stake network.\u00a0<\/span><\/p>\n

\u201cWith the introduction of USDt, on and off ramps into the Tezos DeFi ecosystem are simplified and efficient. Tezos is an exemplary system with features and tools which have enabled innovative application designs not possible on other networks,\u201d <\/span>said Alessandro De Carli, Founder at Papers<\/b>. \u201cThe launch of USDt on Tezos will undoubtedly unlock new DeFi products and I expect the impact on volume growth of the Tezos DeFi ecosystem to be remarkable.\u201d<\/span><\/p>\n

The launch of USDt on Tezos will further highlight Tether’s dedication to pioneering collaboration and interoperability within the growing digital asset space. Tezos has a growing DeFi ecosystem which includes yield farming protocol Youves, decentralized exchange and EVM bridge Plenty, and more. Upon launch, Tether will be the largest stablecoin by market capitalization available within the network.\u00a0<\/span><\/p>\n

As the most liquid, stable, and innovative stablecoin, USDt\u2019s market capitalization has grown to over US $80 billion. USDt works across a diversity of different blockchains, including Algorand, Bitcoin Cash\u2019s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Tezos, Tron, and Solana. Tether is driven to support and empower growing ventures and innovation in the blockchain space.<\/span><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tether Operations Limited (\u201cTether\u201d), the company operating<\/p>\n","protected":false},"author":3,"featured_media":162179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nTether Tokens (USDt) to Launch on Tezos - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/tether-tokens-usdt-to-launch-on-tezos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether Tokens (USDt) to Launch on Tezos - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Tether Operations Limited (\u201cTether\u201d), the company operating\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/tether-tokens-usdt-to-launch-on-tezos\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-15T21:37:25+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/08\/Tether-Tokens-USDt-to-Launch-on-Tezos.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/tether-tokens-usdt-to-launch-on-tezos\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/tether-tokens-usdt-to-launch-on-tezos\/\",\"name\":\"Tether Tokens (USDt) to Launch on Tezos - 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