{"id":33391,"date":"2023-01-13T09:56:36","date_gmt":"2023-01-13T09:56:36","guid":{"rendered":"https:\/\/lydian.io\/?p=33391"},"modified":"2023-01-13T09:56:36","modified_gmt":"2023-01-13T09:56:36","slug":"tether-usdt-stablecoin-goes-live-on-near-protocol-to-boost-defi-presence","status":"publish","type":"post","link":"https:\/\/lydian.io\/tether-usdt-stablecoin-goes-live-on-near-protocol-to-boost-defi-presence\/","title":{"rendered":"Tether USDT stablecoin goes live on Near Protocol to boost DeFi presence","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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Main stablecoin issuer Tether Operations Restricted continues to increase integration with varied blockchain networks and introduces stablecoin Tether (USDT) to the Close to Community.<\/p>\n
Tether USDT is now reside on the Close to Community, a sensible contract-enabled blockchain platform constructed for decentralized functions, Tether official announced<\/a> on Monday.<\/p>\n The mixing of Tether into the Nea ecosystem is a serious milestone within the firm's dedication to extend its presence in decentralized finance (DeFi) ecosystems, the corporate mentioned. \"It is going to mitigate the potential hostile results related to market volatility and speed up scalability for its customers,\" the announcement added.<\/p>\n The Nea Community is the eleventh blockchain at present out there for Tether USDT. The stablecoin can also be now reside on chains akin to Polygon, Kusama, Ethereum, Solana, Algorand, EOS, Liquid Community, Omni, Tron and Bitcoin Money's Normal Ledger Protocol.<\/p>\n Tether was initially launched in 2014 started<\/a> and issued on the Bitcoin (BTC) blockchain by way of the Omni Layer Protocol, an answer used to create and commerce digital property on high of Bitcoin.<\/p>\n The addition of Close to Community to the Tether ecosystem comes amidst Close to hit<\/a> a serious milestone of 700 initiatives now constructing on Close to, together with the Aurora Community and the Octopus Community. In July, the each day quantity of the close to community averaged between 300,000 and 400,000 transactions.<\/p>\n Associated: <\/strong>Tether Responds to Wall Avenue Journal \u201cDisinformation\u201d<\/strong><\/p>\n