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      Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $18,800 Support Level on Saturday

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      Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $18,800 Support Level on Saturday

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    Home»Cryptocurrency»Tether Launches USDT On Avalanche (AVAX) Blockchain
    Cryptocurrency

    Tether Launches USDT On Avalanche (AVAX) Blockchain

    cryptossorBy cryptossorKasım 10, 2021Yorum yapılmamış2 Mins Read
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    Tether has launched its USDT stablecoin on the Avalanche (AVAX) blockchain.

    Contact us to be informed about the last minute developments. Twitter and Telegram you can follow our channel.

    This event, which took place in an environment where the Avalanche ecosystem is growing day by day, is extremely important for the ecosystem. According to data from DeFi Llama, the total value locked in Avalanche-based DeFi protocols (TVL) has increased significantly over the past three months. While it was over $ 300 million in August, it has now reached the level of $ 10 billion.

    USDTs on Avalanche can further enhance the development of the Avalanche ecosystem, as they play an important role in the DeFi market. Traders use stablecoins to trade their tokens.

    Emin Gün Sirer, director of the Avalanche Foundation, described USDT’s launch of Avalanche as an “important building block for DeFi users.”

    USDT has experienced significant growth this year as well. While total supply stood at $22 billion at the beginning of this year, it has now increased to $78 billion.

    Avalanche-based USDT is directly integrated with Bitfinex. This shows that users can access the stablecoin through the exchange. Tether CTO Paolo Ardoino said that users can deposit USDT on other blockchains and perform USDT swaps on Avalanche.

    Thus, Avalanche became the ninth blockchain supported by USDT. Eight other blockchains include Algorand, Bitcoin Cash’s Simple Ledger Protocol, Ethereum, EOS, Liquid Network, Omni, Tron, and Solana.

    Tether said they will also launch USDT on Polkadot and Kusama networks earlier this year.

    Avalanche Important Usdt
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    Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $18,800 Support Level on Saturday

    By cryptossorTemmuz 2, 2022

    Bitcoin moved closer to its long-term support level of $18,800 to start the weekend, as…

    Sleeping Bitcoins Wake Up, Kiyosaki Waits for $1,100 BTC, and Zuckerberg Eyes Metaverse Money — Bitcoin.com News Week in Review

    Temmuz 2, 2022

    Senator Indira Kempis Proposes Bill to Make Bitcoin Legal Tender in Mexico

    Temmuz 2, 2022

    Study: AUM of Crypto Investment Products at Record Lows in June, Trust Products Garner Lowest Total Since December 2020

    Temmuz 2, 2022

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