Tezos Is Live On Tether, Available On Bitfinex
Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform tether.tohas announced that it is officially live on Tezosan 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 ecosystemsaccording 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, including top five NFT marketplace object.comleading generative art platform fx(hash)DeFi applications like yield farming protocol Youves and decentralized exchange and EVM bridge Plentyand 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.