Tether, the company operating the blockchain-enabled stablecoin platform, announced it has now launched the Tether token (USDt) on Polygon (formerly MATIC), the Ethereum blockchain scaling and development platform.
The addition of Tether to the Polygon ecosystem is a milestone moment as it offers a new stablecoin option for more than 8,000 teams building on Polygon. Tether alleviates the potential adverse effects associated with market volatility by providing a stable currency for investors to generate yield, and move in and out of the network.
Polygon is a layer-2 scaling solution that runs on top of the Ethereum blockchain — allowing for speedy transactions and low fees.
Currently, there are more than 19,000 decentralized applications (dApps) running on its network, a 500% increase from 3,000 dApps in ..
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