Tether’s USDT Stablecoin Launches on Near Blockchain
Tether launches USDT stablecoin on Near, a layer-1 proof-of-stake blockchain, promoting ease of use and scalability. Launching USDT on Near will help the blockchain network ecosystem. There are currently 700 projects building or running on Near. According to Tether, users can now use USDT to move money and generate income.
The Near Foundation recently launched a $100 million venture capital fund and a web3 lab. It also formed a working group to set standards for self-governance. We are excited to launch USDT on Near, providing community access to the first, most stable and trusted stablecoin in the digital token space, said Tether CTO Paolo Ardoino. The Near ecosystem has seen historic growth this year, and we believe Tether will help keep it thriving. “It should be noted that although USDT is available on many blockchains, its usage on Ethereum and Tron is the highest.
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