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Tether launches USDT on Kusama Network…Details here

Tether launches USDT on Kusama Network…Details here

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Answer Tether launches USDT on Kusama Network…Details here

Tether Operations Limited, the operator of the Tether.io subsidiary, has announced the launch of USDT on the Kusama Network.

The company said that this move will enable developers to create decentralized applications across blockchain networks.

The launch of “USDT” on the “Kusama” network:

According to the press release, USDT will be considered with ID 1984 and used to run transactions on Kusama – Statemine’s first parachute at launch.

Parachin allows assets, including token artwork and stablecoins, to be deployed in the Kusama network to provide a cost-effective way to address security, scalability, and interoperability concerns of blockchain networks.

The latest addition has been described as a milestone amid a growing number of decentralized apps looking for stablecoins that work across multiple networks.

Read:For the first time, the US Treasury imposes sanctions on a cryptocurrency trading platform

Currently, USDT is available on several networks, most notably:

Ethereum, Solana, Bitcoin Cash, Tron, Algorand, Liquid Network, EOS, Omni…

After the development, Tether’s chief technical officer, Paolo Arduino, told Tether:

We are excited to launch Tether ₮ on Kusama, giving the community access to the most liquid, stable and reliable stablecoin.

For those who believe in the importance of decentralized, unlicensed ecosystems, Kusama is a perfect representation of that spirit.

It’s a platform built to put control in the hands of its users, and we look forward to becoming an essential asset in its growing ecosystem.

Read:The absence of a law to regulate cryptocurrency trading harms the crypto markets.. India is an example

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