Tether Launches USDT Stablecoin on NEAR Network
- September 12, 2022
- 0
USDT issuer Tether Operations Limited has released a stablecoin on the NEAR network. The NEAR Protocol platform supports open source smart contracts. It has a high bandwidth and
USDT issuer Tether Operations Limited has released a stablecoin on the NEAR network.
The NEAR Protocol platform supports open source smart contracts. It has a high bandwidth and is designed for building decentralized applications.
Total number of projects in the network in July Over 700 units. According to the NEAR Foundation, the NEAR network processes between 300,000 and 400,000 transactions per day.
“We support initiatives that can increase the stability of the DeFi ecosystem and help us accelerate mass adoption of Web3,” said Marieke Flaman, CEO of the NEAR Foundation.
Tether stablecoin also works on Algorand, Avalanche, Simple Ledger Protocol Bitcoin Cash, Ethereum, EOS, Kusama, Liquid Network, Polygon, Tezos, Tron, Solana, and Statemine.
ForkLog previously reported that the NEAR Foundation has launched a $100 million funding and venture lab for the Web3 segment.
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Source: Fork Log
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