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Tether’s stablecoin set to land on Polkadot and Kusama

The launch of parachain shards on Polkadot will also mean the release of Tether on the network.
Polkadot and Kusama users will benefit from a direct integration with Tether’s USDT when common good parachains launch. As announced by Tether on Tuesday, the stablecoin will launch both on Polkadot and Kusama, its cousin network.Tether is the oldest stablecoin to reach significant adoption and it has recently surpassed $40 billion in circulating supply. Though there have been concerns in the past as for its reserve status, the company recently committed and followed through with periodic reserve audits.The timing of Tether’s release on Polkadot depends on its roadmap and the activation of parachains, the “shards” within the Polkadot network. As Tether’s chief technology officer, Paolo Ardoino, told Cointelegraph:“Tether will likely launch on the first parachain available, StateMint. We expect StateMint to be the first common goods parachain.”Common good parachains are a recent proposal within the Polkadot network to provide a neutral ground for building critical features for the network as a whole. Most “normal” parachains are launched by external developers, and sometimes they may overlap in function and become effective competitors.Building on a common goods parachain means that the stablecoin maintains neutrality within the wider network, while making its token available in any other parachain thanks to Polkadot’s cross-shard communication framework.Before deploying on Polkadot, Tether will launch on Kusama, which will itself launch parachains at least a few weeks before Polkadot. Kusama is a “ …
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