Join the larget crypto conference of 2024 in Bitcoin

The biggest stablecoin USDT is now live on the Polkadot network

The biggest stablecoin USDT is now live on the Polkadot network 5

USDT stablecoin, the top-ranked market cap stablecoin, grabbed support on the Polkadot blockchain network.

USDT is biggest stablecoin in the crypto space and it is enjoying the first mover advantage in the industry. Tether is the backend company behind this stablecoin. Tether is a subsidiary of Bitfinex crypto exchange.

On 23 September, Tether announced that USDT is now live on the Polkadot network.

The official Twitter account of Polkadot also announced this new development work and confirmed that USDT stablecoin can be easily transferred in & out of the Polkadot network.

Further added:

“Polkadot is on a trajectory of growth and evolution this year and we believe Tether’s addition will be essential in helping it continue to thrive.”

Dan Reecer, chief growth officer at Acala Network, also informed about this new development work of USDT & Polkadot network support.

USDC vs USDT

USDC is the second biggest stablecoin asset by 24 hours global trade volume and it is creating significant competition against USDT with a $49.72 billion Market, which is only $18.72 billion low than USDT Market Cap.

Due to the commercial paper holdings of Tether, the USDT issuer company faced huge criticism in the crypto space. And also in May of this year, during extreme volatility in the crypto market, USDT pegged value plunged by around 5%. In that time frame, USDC grabbed huge attention among crypto investors over USDT.

The biggest stablecoin USDT is now live on the Polkadot network 4

Read also: Binance proposes 1.2% trade fees to burn old Luna coin supply

The biggest stablecoin USDT is now live on the Polkadot network

 

https://bitcoinik.com/the-biggest-stablecoin-usdt-is-now-live-on-the-polkadot-network/feed/

https://bitcoinik.com/the-biggest-stablecoin-usdt-is-now-live-on-the-polkadot-network/feed/

 

 

 

 

 

Ads by Cryptonews24

OKX - Moon Trade

Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!

How does it work?

  • Select Trade in the main menu, then select Trading bot.
  • Select a spot trading pair from the Trading bot menu.
  • Select Moon Grid from the listed strategies.
  • Enter the amount you want the bot to trade and click Create.
  • Your bot will then be live.
  • To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.

 

Trade with Moon Grid now
 

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

Please follow and like us:

Social media & sharing icons powered by UltimatelySocial