Tether launches USDT on Tezos network

Tether has launched the USDT stablecoin on the Tezos blockchain platform. This is already the twelfth network on which the asset is available, ForkLog representatives said.

“We are pleased to launch USDT on Tezos, offering the growing and dynamic community access to the most liquid, stable, and reliable stablecoin on the digital-token market. Tezos is evolving rapidly, and we believe this integration will matter greatly for the platform’s long-term growth,” said Paolo Ardoino, the company’s chief technology officer.

In addition to Tezos, Tether’s stablecoin is available on Ethereum, Solana, Avalanche, Algorand, Tron, Omni, EOS, the Liquid Network, Kusama and the Standard Ledger protocol from Bitcoin Cash. In May 2022, the asset was also released on Polygon.

According to the company, USDT’s market capitalization exceeds $72.5 billion. The majority of the asset’s supply is on the Tron and Ethereum blockchains ($38.73 billion and $36.81 billion, respectively).

On May 26, Tether launched the MXNT stablecoin pegged to the Mexican peso.