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22 April 2021

Polkadot’s Potential Gathers Momentum as Tether Joins the Ecosystem – Altcoins Bitcoin News

Polkadot’s Potential Gathers Momentum as Tether Joins the Ecosystem – Altcoins Bitcoin News


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The largest stablecoin by market capitalization will be the first to enter the ecosystem as the Kusama canary network adds support for tether before the eventual deployments to parachains.

Now, as decentralized finance (defi) applications expand new horizons while hunting for more cost-effective and scalable platforms, support for USDT in the Polkadot ecosystem will grant the stablecoin new avenues for growth.

USDT compatibility will ensure that the many new and existing defi applications endeavoring to become parachains will have access to a stablecoin needed to facilitate borrowing and lending protocols, yield farming, and more.

Above all, tether will ensure greater stability in planned Polkadot defi projects given its low volatility and ability to preserve value.

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