Tether has announced that it will launch its USDT stablecoin on the Polkadot and Kusama networks. Since the formation of Parachains is pending, the launch schedule has not been determined yet.
Tether announced on Tuesday that it will launch its USDT stablecoin on the Polkadot and Kusama networks.
Tether said the launch schedule is yet to be determined as the parachain formation is pending.
Parachains are independent block chains operating in parallel within the Polkadot ecosystem (Polkadot and Kusama). They can interact with each other and also with external networks such as Ethereum using bridges. This flexibility helps address the scalability, security, and interoperability issues of blockchains.
Tether will first launch on Polkadot’s experimental network, Kusama. Kusama helps prepare projects for distribution in Polkadot. It is built using the substrate (a blockchain development kit) and has almost the same code base as Polkadot.