• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, January 28, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Tether Tokens (USDt) to Launch on Tezos – Blockchain News, Opinion, TV and Jobs

June 14, 2022
in Blockchain
Reading Time: 3 mins read
A A
ShareShareShareShareShare

Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization, will launch Tether tokens (“USDt”) 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. 

Related articles

THORChain Price Prediction: RUNE Bulls Eye A 21% Increase To $2.29

January 28, 2023

SEC Probes Investment Advisers Offering Crypto Custody Without Proper Qualification

January 28, 2023

 Tether’s 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. 

“We’re 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,” said Paolo Ardoino, CTO at Tether. “Tezos is coming fast onto the scene and we believe that this integration will be essential to its long-term growth.” 

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’ consensus mechanism with Tenderbake, a modified BFT algorithm similar to Cosmos’ 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. 

“With 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,” said Alessandro De Carli, Founder at Papers. “The 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.”

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. 

As the most liquid, stable, and innovative stablecoin, USDt’s market capitalization has grown to over US $80 billion. USDt works across a diversity of different blockchains, including Algorand, Bitcoin Cash’s 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.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Celsius’ Woes and Rampant Inflation Prompts Extreme Fear – Blockchain News, Opinion, TV and Jobs

Next Post

Celsius Faces Liquidity Crisis, but how are Other Crypto Firms Faring? – Blockchain News, Opinion, TV and Jobs

Related Posts

THORChain Price Prediction: RUNE Bulls Eye A 21% Increase To $2.29

January 28, 2023

Join Our Telegram channel to stay up to date on breaking news coverage While THORChain (RUNE) started the year with...

SEC Probes Investment Advisers Offering Crypto Custody Without Proper Qualification

January 28, 2023

The United States Securities and Exchange Commission (SEC) has begun an investigation into traditional financial advisors on Wall Street to...

Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements

January 28, 2023

During the selling phase of the initial public offering (IPO), which took place in 2021, investors in the cryptocurrency mining...

Why MATIC Price Rally Is Stopping at Nothing, Armed with More Transactions Than Ethereum

January 28, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The value of MATIC, the native token...

White House: Crypto Regulation Drama

January 28, 2023

Join Our Telegram channel to stay up to date on breaking news coverage The White House blamed Congress on Friday...

Load More
Next Post

Celsius Faces Liquidity Crisis, but how are Other Crypto Firms Faring? – Blockchain News, Opinion, TV and Jobs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bitcoin worth $120M withdrawn from exchanges on Jan. 10

January 11, 2023

Binance Futures to launch FETUSDT perpetual contracts as AI cryptocurrencies surge

January 13, 2023

Nexo Capital to Pay $45 Million in Penalties

January 20, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Biden Administration announces roadmap for reducing crypto risks
  • THORChain Price Prediction: RUNE Bulls Eye A 21% Increase To $2.29
  • SEC Probes Investment Advisers Offering Crypto Custody Without Proper Qualification

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,035.000.09%
  • ethereumEthereum(ETH)$1,579.580.01%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.27%
  • usd-coinUSD Coin(USDC)$1.000.00%
  • binancecoinBNB(BNB)$306.360.58%
  • rippleXRP(XRP)$0.4112460.74%
  • binance-usdBinance USD(BUSD)$1.000.20%
  • cardanoCardano(ADA)$0.3840031.31%
  • dogecoinDogecoin(DOGE)$0.0889623.42%
  • matic-networkPolygon(MATIC)$1.13-1.24%
  • okbOKB(OKB)$38.808.71%
  • solanaSolana(SOL)$24.130.76%
  • staked-etherLido Staked Ether(STETH)$1,577.05-0.19%
  • polkadotPolkadot(DOT)$6.440.30%
  • shiba-inuShiba Inu(SHIB)$0.0000123.03%
  • avalanche-2Avalanche(AVAX)$20.6214.30%
  • litecoinLitecoin(LTC)$88.010.63%
  • tronTRON(TRX)$0.0626110.07%
  • daiDai(DAI)$1.000.14%
  • uniswapUniswap(UNI)$6.66-0.46%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,006.000.26%
  • cosmosCosmos Hub(ATOM)$13.321.64%
  • ToncoinToncoin(TON)$2.553.62%
  • chainlinkChainlink(LINK)$7.240.27%
  • leo-tokenLEO Token(LEO)$3.75-2.20%
  • moneroMonero(XMR)$182.475.27%
  • ethereum-classicEthereum Classic(ETC)$21.750.24%
  • AptosAptos(APT)$17.77-0.12%
  • bitcoin-cashBitcoin Cash(BCH)$133.41-0.92%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0928351.32%
  • apecoinApeCoin(APE)$6.13-1.19%
  • quant-networkQuant(QNT)$149.44-0.99%
  • nearNEAR Protocol(NEAR)$2.47-0.12%
  • crypto-com-chainCronos(CRO)$0.0809470.50%
  • filecoinFilecoin(FIL)$5.280.17%
  • lido-daoLido DAO(LDO)$2.28-2.98%
  • algorandAlgorand(ALGO)$0.2560342.41%
  • vechainVeChain(VET)$0.023979-0.93%
  • hedera-hashgraphHedera(HBAR)$0.068474-0.74%
  • internet-computerInternet Computer(ICP)$5.94-0.66%
  • axie-infinityAxie Infinity(AXS)$11.501.13%
  • decentralandDecentraland(MANA)$0.705.07%
  • aaveAave(AAVE)$85.28-3.51%
  • eosEOS(EOS)$1.09-1.87%
  • the-sandboxThe Sandbox(SAND)$0.741.12%
  • fantomFantom(FTM)$0.449700-3.77%
  • elrond-erd-2MultiversX(EGLD)$44.551.81%
  • flowFlow(FLOW)$1.06-2.69%