Tether (USDt) is now officially live on Tezos, and now readily available to trade on the popular exchange, Bitfinex.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Read our full disclaimer here.
Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform tether.to, has announced that it is officially live on Tezos, a energy-efficient, self-amending blockchain and now readily available to trade on the popular exchange, Bitfinex.
The launch of USD₮ on Tezos demonstrates growing momentum for the largest stablecoin by market cap.
Paolo Ardoino, CTO at Tether said:
“We’re excited to be live on Tezos, and to offer its growing and vibrant community access to the most liquid, stable, and trusted stablecoin in the digital token space.”
The integration of USD₮ on Tezos is an important milestone for the original smart contract Proof of Stake blockchain network.
Tezos has seen a significant increase in usage year-over-year and was listed among the largest developer ecosystems, according to the annual Electric Capital Developer Report.
Tezos, well known for its ability to seamlessly and forklessly upgrade, is expected to incorporate in its future upgrades features like enshrined optimistic rollups – these allow for dedicated higher throughput Layer 2 solutions for EVM and WASM virtual machines with all computation made verifiable, enshrined on the Tezos blockchain.
These features make Tezos a platform of choice for many brands and institutions seeking to enter the world of decentralized finance and Web3.
The announcement is also a testament to the rapidly-growing and vibrant Tezos ecosystem, includes top five NFT marketplace Objkt.com, leading generative art platform fx(hash), DeFi applications like yield farming protocol Youves and decentralized exchange and EVM bridge Plenty, and major brands such as Manchester United, McLaren Racing, Team Vitality, The Gap, and more.
The launch of USD₮ on Tezos further highlights Tether’s dedication to pioneering collaboration and interoperability within the growing digital asset space.
Tether is still standing at the forefront of the biggest leap forward that the financial industry has ever seen.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Read our full disclaimer here.
Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.
Etherlink, the Tezos blockchain’s latest Layer 2 solution, is set to redefine the landscape of decentralized applications (DApps) with its upcoming mainnet launch in March 2024. This EVM-compatible, optimistic rollup distinguishes itself from other external Layer 2 platforms like Arbitrum, Optimism, and Polygon, due to its unique enshrinement within the Tezos blockchain.
Starting on December 6 with an exhibition, panels and performances at the Nautilus Hotel, curatorial platforms, partners and marketplaces from around the world will co-curate contemporary digital art minted on Tezos. Over 50 works will be shown, ranging from historical pieces to contemporary editions sold during the event, with a portion of the proceeds going to the Trevor Project, an American nonprofit organisation raising funds for suicide prevention amongst LGBTQ+ youth.
The Tezos Foundation announces its support for the Vigicard project, the first mobile application improving the monitoring of patients subject to drug allergies. Based on Tezos blockchain technology, the application was co-developed by a team of Europe-renowned allergists from Montpellier University Hospital, and Web3 experts Codinsight.