Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday, which details that the company is supported on the Polkadot blockchain system detailing that it is supported on the Polkadot blockchain system. This new support for stablecoins follows the addition of the tokens to the Near Protocol 11 days ago. The news further follows Tether being ordered by a New York judge to file financial documents last Tuesday.
Polkadot blockchain ecosystem adds Tether
Just recentlyTether Operations Limitedannounced that it was added to the Near Protocol on September 12, and 11 days later the stablecoin company revealed that it is hosted on the Polkadot blockchain.
Polkadot (DOT)is an open source distributed ledger project that connects blockchain, distributed finance (Defi), and the Web3 ecosystem. Tether has a market valuation of $68.2 billion on September 23 and manages the world’s largest stablecoin assets.
out of today’s $96.316 billion crypto economy of.USDTdominates by 7.078% of its value. On Friday, Tether announced the addition ofUSDTto the Polkadot blockchain ecosystem, saying it is “another milestone” for the stablecoin issuer.
After being added to the Polkadot blockchain ecosystem of Near Protocol and Polkadot,. USDTis now hosted on 15 different blockchain networks. sent to Bitcoin.com News In a note, Paolo Ardoino, CTO of Tether, said the company is “delighted” to launch Tether on the Polkadot blockchain network.
“Polkadot is on a trajectory of growth and evolution this year, and we believe the addition of Tether is essential for it to continue to thrive,” Ardoino noted. Statistics for the past 30 days show that Tether’s market capitalization increased 0.8% on Friday, with USDTcommanding $45.51 billion of the $81.84 billion in global crypto trading volume.
Tether volume represented 55.60% of today’s $81.84 billion in swaps,62% of all BTC trades todayare paired with Tether, in support of the Polkadot blockchain, a New York judgehas orderedTether Operations Limited to file financial documents showingUSDT’sTether Operations Limited has been ordered by a New York judge to file financial documents showing
The judge’s order stems from a class action lawsuit filed three years ago by five plaintiffs. The lawsuit further involves the law firm Roche Freedman LLP, and just recently, Taser’s attorneys stated that the firm should be dropped from the case due to the controversy surrounding Roche Freedman’s co-founder Kyle Roche.
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