Polkadot’s Potential Gathers Momentum as Tether Joins the Ecosystem

The largest stablecoin by market capitalization will be the first to enter the ecosystem as the Kusama canary network adds support for tether before the eventual deployments to parachains.
Tether Inclusion Complements Polkadot’s Efforts to Attract More Defi Applications
With cryptocurrency once again on the ascent and the aggregated market capitalization nearing $2 trillion, tether (USDT) is increasingly playing an outsized role in many of the ecosystem’s activities.
Since emerging as the stablecoin of choice for many participants and applications alike, Tether’s market capitalization has eclipsed $40 billion, underscoring its large footprint, which outstrips any competing stablecoins by a large margin.
Now, as decentralized finance (defi) applications expand new horizons while hunting for more cost-effective and scalable platforms, support for USDT in the Polkadot ecosystem will grant the stablecoin new avenues for growth.

Story continues on

Related posts
AltcoinsAnalysisHideCryptopanicNewsNews 1SocialTrading View

Litecoin, Neo, Augur Price Analysis: 06 April

Litecoin approached a crucial resistance level at $228.92 and a successful breakout could push the price above $245. Neo traded at multi-year highs and showed no signs of halting its upwards trajectorThe post Litecoin, Neo, Augur Story continues on AMB…
AdoptionBanksCointelegraph.comDeFitotal value locked

After breaking $100 billion TVL, DeFi is now the equivalent of a top 40 U.S. bank

It’s a long road to the #1 spot, but some ecosystem players think we’ll get there eventually. According to decentralized finance (DeFi) ecosystem tracker DeFiLlama, early this morning the DeFi ecosystem breached $100 billion in total value locked for the…
AltcoinsAnalysisHideCryptopanicNewsNews 1SocialTrading View

Polkadot, Ethereum Classic, VeChain Price Analysis: 06 April

Bitcoin’s correlation with the industry’s altcoins is one of the crypto-market’s long-standing certainties. As has often been the case, the market’s altcoins have often taken BTC’s lead to cThe post Polkadot, Ethereum Classic, VeChain Story continues on AMB Crypto