NEAR becomes the latest network to onboard the largest stablecoin by market capitalization - USDT.
NEAR becomes the latest network to onboard the largest stablecoin by market capitalization – USDT.
Tether will be launching its stablecoin on NEAR Protocol. With this, the cryptocurrency will be circulating on a total of twelve different blockchains.NEAR Protocol will be the next to adopt the leading stablecoin by means of total market capitalization – USDT.We’re excited to launch USDT on NEAR, offering its community access to the first, most stable, and trusted stablecoin in the digital token space.
It’s also worth noting that this particular announcement comes amid a major milestone for NEAR. According to a post on its official Twitter page, the protocol is now home to more than 700 projects. As mentioned above, with this integration, USDT will be circulating on a total of 12 different networks. Besides NEAR, these include Polygon, Kusama, Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Bitcoin Cash’s Standard Ledger Protocol.
According to Tether’s Transparency page, the current USDT in the company amounts to a whopping $67.7 billion.Second in line is Ethereum – $32.3 billion USDT circulates on the network.
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