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Tether’s USDT to Launch on Kusama With Polkadot to Follow
It’s slated to become the first stablecoin to launch on Polkadot.
Tether is set to go live on Polkadot following a launch on the network’s cousin, Kusama.
STORY CONTINUES BELOW
- The aim is for USDT to be the first-ever stablecoin on the Polkadot network, according to an announcement Tuesday.
- Polkadot is a network that supports various interconnected blockchains called parachains. It is set to go fully live later this year.
- Polkadot’s DOT token is currently the fourth-largest cryptocurrency by market cap, according to CoinGecko.
- Kusama launched in 2019 as a pre-production environment to Polkadot, known as a “canary network.”
- Tether is the world’s largest stablecoin with a market capitalization of over $40 billion.
- It recently launched on its eighth blockchain, Solana.
Read more: Tether Takes Step Toward Transparency With First Accounting Firm Report Card
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
