Tether Enters Polygon Network

Tether’s USDT is the most used stablecoin but still fell victim to a $10 billion fall in market cap from the Terra crash. USDT sharply but briefly fell to just over $0.94 on May 12 and has begun fluctuating around $0.999, similar to before the Terra incident.

USDT has been available on the blockchains Algorand, Ethereum, EOS, Liquid Network, Omni, Tron, Solana, and Bitcoin Cash’s Standard Ledger Protocol.
Polygon is a layer two solution running on top of the Ethereum blockchain. Thanks to Polygon’s recent successes, USDT is now being made available on the Polygon network.

“Currently, there are more than 19,000 decentralized applications (dApps) running on its network, a 500% increase from 3,000 dApps in October, per Alchemy data. According to the network, its PoS has processed over 1.6 billion total transactions, with over 142million unique user addresses and over $5 billion in assets safeguarded.”
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