The asset will also be available on twelve other networks, including Ethereum, Solana and Polkadot, among others.
Leading cryptocurrency stablecoin Tether has announced the launch of a new asset, Tether (USDT) tokens built on the Tezos blockchain, and with the ambition of expanding their digital footprint across the digital payments and decentralized finance (DeFi) sector.According to the press release, "USDT on Tezos will power revolutionary applications across payments, DeFi, and more." In conversation with a Tether representative, greater context was provided 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.