{"id":27293,"date":"2022-05-31T14:20:09","date_gmt":"2022-05-31T12:20:09","guid":{"rendered":"https:\/\/coincheckup.com\/blog\/?p=27293"},"modified":"2022-06-01T10:43:06","modified_gmt":"2022-06-01T08:43:06","slug":"tether-launches-usdt-on-polygon-blockchain","status":"publish","type":"post","link":"https:\/\/coincheckup.com\/blog\/tether-launches-usdt-on-polygon-blockchain\/","title":{"rendered":"Tether Launches USDT on Polygon Blockchain"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/Tether-USDT-cover.jpg\" alt=\"\" class=\"wp-image-18333\" srcset=\"https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/Tether-USDT-cover.jpg 1920w, https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/Tether-USDT-cover-300x169.jpg 300w, https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/Tether-USDT-cover-1024x576.jpg 1024w, https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/Tether-USDT-cover-768x432.jpg 768w, https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/Tether-USDT-cover-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Key takeaways:<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Tether Operations Limited (\u201cTether\u201d) has announced the launch of USDT on the Polygon blockchain<\/li><li>Polygon has become the 11th blockchain to support USDT<\/li><li>Tether CTO Paolo Ardoino believes that USDT will be instrumental in aiding Polygon to continue its \u201chistorical growth\u201d<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">USDT launches on Polygon as the 11th supported blockchain platform<\/h2>\n\n\n\n<p>Tether Operations Limited (\u201cTether\u201d), the operator of the industry\u2019s largest stablecoin by market cap, <a href=\"https:\/\/coincheckup.com\/coins\/tether\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">USDT<\/a>, has announced the launch of their stable digital currency on <a href=\"https:\/\/coincheckup.com\/coins\/matic-network\">Polygon<\/a>, the leading Layer-2 Ethereum scaling solution.<\/p>\n\n\n\n<p>According to the company\u2019s <a href=\"https:\/\/tether.to\/en\/tether-token-usdt-launches-on-polygon\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener nofollow\" class=\"rank-math-link\">statement<\/a>, USDT will allow over \u201c8,000 teams building on Polygon\u201d to tap into liquidity provided by the leading stablecoin to expand their role in supporting Polygons\u2019 <a href=\"https:\/\/coincheckup.com\/?category=defi\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">decentralized finance<\/a> (DeFi) ecosystem. The number of decentralized applications (dApps) running atop Polygon has <a href=\"https:\/\/blog.polygon.technology\/polygon-hit-19000-dapps-milestone-sixfold-growth-in-half-a-year\/\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">increased<\/a> from 3,000 in October 2021 to 19,000 in April 2022 &#8211; a more than 500% growth in six months. With access to USDT, the record-breaking growth could continue in the upcoming months.<\/p>\n\n\n\n<p>Tether CTO Paolo Ardoino had this to say about the launch of USDT on Polygon:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cWe\u2019re excited to launch USD\u20ae on Polygon, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space. The Polygon ecosystem has witnessed historical growth this year and we believe Tether will be essential in helping it continue to thrive.\u201d<\/p><\/blockquote>\n\n\n\n<p>With the addition of Polygon, USDT is now operating on 11 blockchain networks, including <a href=\"https:\/\/coincheckup.com\/coins\/ethereum\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">Ethereum<\/a>, <a href=\"https:\/\/coincheckup.com\/coins\/solana\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">Solana<\/a>, <a href=\"https:\/\/coincheckup.com\/coins\/algorand\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">Algorand<\/a>, and <a href=\"https:\/\/coincheckup.com\/coins\/tron\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">Tron<\/a>, to name a few. According to data curated by <a href=\"https:\/\/www.theblockcrypto.com\/data\/decentralized-finance\/stablecoins\" target=\"_blank\" aria-label=\"The Block (opens in a new tab)\" rel=\"noreferrer noopener nofollow\" class=\"rank-math-link\">The Block<\/a>, by far the largest share of USDT\u2019s circulating supply is located on Tron and Ethereum.&nbsp;<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" width=\"100%\" height=\"420\" src=\"https:\/\/embed.theblockcrypto.com\/data\/decentralized-finance\/stablecoins\/usdt-supply-by-blockchain-daily\/embed\"><\/iframe><\/figure>\n\n\n\n<p>With a market capitalization of roughly $83 billion, USDT is the largest stablecoin in the market, accounting for over 6% of the total value of all digital currencies in circulation. Due to its prominent role as a primary value transfer asset in DeFi and the cryptocurrency exchanges sector, investors were disturbed earlier this month when USDT momentarily <a href=\"https:\/\/coincheckup.com\/blog\/tethers-stablecoin-peg-breaks-as-bitcoin-plunges-to-27000\/\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">lost its $1 peg<\/a>. The stablecoin\u2019s US dollar peg has since been fully re-established.<\/p>\n\n\n\n<p>Last week, Tether <a href=\"https:\/\/coincheckup.com\/blog\/tether-launches-mexican-peso-pegged-stablecoin-as-response-to-growing-crypto-usage-in-latin-america\/\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">launched<\/a> Mexican Peso-pegged stablecoin <a href=\"https:\/\/coincheckup.com\/coins\/tether-mxnt\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">Tether MXNt (MXNT)<\/a> in response to a growing rate of cryptocurrency users across Latin America. The new stablecoin joined the company\u2019s existing offering of fiat-pegged digital currencies, which includes the U.S. dollar-pegged USDT, the Euro-pegged <a href=\"https:\/\/coincheckup.com\/coins\/tether-eur\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">EURT<\/a>, and the offshore Chinese Yuan-pegged <a href=\"https:\/\/coincheckup.com\/coins\/tether-chinese-yuan\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">CNHT<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether Operations Limited (\u201cTether\u201d), the operator of the industry\u2019s largest stablecoin by market cap, USDT, has announced the launch of their stable digital currency on Polygon, the leading Layer-2 Ethereum scaling solution.<\/p>\n","protected":false},"author":40,"featured_media":18333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ast_enabled":false,"_ast_config_mode":"defaults","_ast_targets":[],"_ast_fields":[],"_ast_overwrite":"always","_ast_creation_mode":"sync","_ast_last_source_hash":"","_ast_status_it":"","_ast_status_sl":"","_ast_status_fr":"","_ast_status_id":"","_ast_status_pt":"","_ast_status_tr":"","_ast_status_ru":"","_ast_status_de":"","_ast_status_es":"","footnotes":""},"categories":[149],"tags":[1019,440,276,115,937],"class_list":{"0":"post-27293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cryptocurrency-news","8":"tag-matic","9":"tag-polygon","10":"tag-stablecoins","11":"tag-tether","12":"tag-usdt"},"lang":"en","translations":{"en":27293},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/posts\/27293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/comments?post=27293"}],"version-history":[{"count":0,"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/posts\/27293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/media\/18333"}],"wp:attachment":[{"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/media?parent=27293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/categories?post=27293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/tags?post=27293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}