Tether publicized the launch of a new asset, USDT tokens, built on the Tezos blockchain, and with the ambition of expanding its digital footprint across the digital payments and decentralized finance sector.
According to a press release, USDT on Tezos will power revolutionary applications across payments, DeFi and more. During an interview, Tether representative, have provided greater context as to the intended utility of Tether tokens
“Tether tokens are not an investment but a utility for engaging in internet commerce, combating volatility, and providing a safe haven for remittances. Tether tokens can be securely stored, sent, and received across the blockchain and are redeemable for the underlying asset.”
The representative continued on to reveal the names of the 12 blockchains, including Tezos, on which the asset will become accessible.This includes Solana, Ethereum, Kusama, Avalanche, Polkadot, Algorand, EOS, Liquid Network, Omni, Tron and Bitcoin Cash’s Standard Ledger Protocol.
Tether chief technology officer Paolo Ardoino spoke highly of the launch, anticipating that it will support Tether’s growth across the coming years.
