Tether is Launching USDT on Tezos Blockchain

Reading Time: < 1 minute

Tether, the issuer of the stablecoin USDT, has announced it will launch Tether tokens (“USDt”) on the Tezos blockchain.

The move clearly shows that Tezos is growing as a Proof-of-Stake blockchain chosen by brands and institutions looking to build the Web3 revolution. 

The USDT, which is now available on 12 blockchains, including the Tron and Ethereum networks, will power revolutionary applications across payments, DeFi and more. 

Tether CTO Paolo Ardoino has said:

“We’re excited to launch USDt on Tezos, offering its growing and vibrant community access to the most liquid, stable, and trusted stablecoin in the digital token space. Tezos is coming fast onto the scene and we believe that this integration will be essential to its long-term growth.” 

Alessandro De Carli, founder at Papers, has commented on the launch:

“With the introduction of USDt, on and off ramps into the Tezos DeFi ecosystem are simplified and efficient. Tezos is an exemplary system with features and tools which have enabled innovative application designs not possible on other networks. The launch of USDt on Tezos will undoubtedly unlock new DeFi products and I expect the impact on volume growth of the Tezos DeFi ecosystem to be remarkable.”

USDT’s launch on Tezos is just an example of Tether’s dedication to pioneering collaboration and interoperability within the growing digital asset space.