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The issuer of the largest stablecoin by market cap is announcing the launch of the dollar-pegged crypto asset on Ethereum (ETH) challenger Polkadot (DOT). In a new company blog post, USDT issuer Tether says the top stablecoin is now available on the Polkadot blockchain as a means of increasing its presence in decentralized ecosystems.
Tether USDT is the largest stablecoin by market cap. Also, the token ranks among the top five in the overall market capitalization of all crypto assets.
SPONSORED POST* There may be a bit of centralization coming to cryptocurrency in the form of a political action committee (PAC). The Blockchain Association recently set up a new cryptocurrency industry PAC. It should be in a position to influence the American presidential election year in 2024.
The stablecoin's top-rival Tether has witnessed growth in its market cap, on the other hand.
[PRESS RELEASE – Please Read Disclaimer] From 16:00 on Sept. 23 to 15:59 on Sept.
Polkadot (DOT) could validate a long-term bullish pattern with a breakout from a short-term descending wedge. The post Polkadot (DOT) Price Pumps on Tether News, Breakout Looking Likely appeared first on BeInCrypto.
The world's largest stablecoin has launched on yet another popular blockchain network.
Tether Limited recently expanded its reach across various blockchain platforms by launching its stablecoin (USDT) on the Polkadot network
Tether announced on Friday that USD Tether was natively available on Polkadot. The post Tether's USDT stablecoin goes live on Polkadot appeared first on The Block.
The launch of Tether tokens (abbreviated as (‘USDT') on Polkadot, a decentralized, open-source blockchain framework, was recently announced by Tether Operations Limited (from now on, referred to as ‘Tether'). Tether is the firm that operates the blockchain-enabled network tether.
From 16:00 on Sept. 23 to 15:59 on Sept. 27 (UTC), the cryptocurrency trading platform MEXC will hold the latest event on its launchpad. The event project is Zalmoxis (KOSON), a AAA-level massively multiplayer online role-playing game (MMORPG) game developed by Wenmoon Studios Ltd.
Tether is now live on 15 different blockchain networks, according to the company's latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin's new support follows the token being added to the Near Protocol 11 days ago.
Stablecoin issuer Tether is launching its flagship stablecoin USDT on the Polkadot (DOT) blockchain network. The latest expansion comes just a few weeks after the leading stablecoin launched on the Near blockchain.
Launch would allow Tether to move in and out of Polkadot network
The company powering the largest stablecoin explained that the contest seeks to inspire more people to join the digital world.
The news follows that of the BUSD autoconversion
A New York judge ordered Tether to produce financial records on the backing of USDT as part of a lawsuit that alleges Tether conspired to issue USDT to inflate the price of bitcoin (BTC). CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.
Stablecoin issuer Tether has recieved a court order to produce financial records that prove the backings of its USDT. The Judge at Northern District Court New York, Katherine Polk Failla, issued the order for Tether on Tuesday upon the plaintiffs' request to prove its reserves.
A recent discovery unmasked a claim that refers to the issuance of unbacked USDT by Tether. This unbacked currency circulating in the market has caused turbulence and damage of $1.4 trillion.
After the news broke out that a New York district judge ordered Tether (USDT) to produce its financial records to
As part of the legal proceedings related to a market manipulation case that dates back to 2019, Katherine Polk Failla, a judge for the U.S. District Court for the Southern District of New York, has ordered Tether's parent company to provide financial records for its USDT stablecoin.
The presiding judge ordered Tether to provide evidence of the USDT backing of its reserves at the time. The company is required to provide financial documents to the court.
A U.S. judge is ordering stablecoin issuer Tether to produce proof of the assets it claims backs up its dollar-pegged USDT, the largest crypto asset of its kind in the world.
The issue deals with a lawsuit which has been ongoing since October 2019.
