{"id":28155,"date":"2022-05-27T13:26:27","date_gmt":"2022-05-27T17:26:27","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=28155"},"modified":"2024-07-28T07:38:28","modified_gmt":"2024-07-28T11:38:28","slug":"tether-now-offering-usdt-on-polygon-network","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tether-now-offering-usdt-on-polygon-network\/","title":{"rendered":"Tether Now Offering USDT On Polygon Network"},"content":{"rendered":"\n<p>Tether has launched and is offering USDT on the Polygon (MATIC) network which is aimed to boost Polygon\u2019s DeFi ecosystem<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"570\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/London-Hard-Fork-Arrives-on-Polygon-as-Network-Declares-Date-for-Mainnet-Launch.jpg\" alt=\"Tether Now Offering USDT On Polygon Network\" class=\"wp-image-16430\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/London-Hard-Fork-Arrives-on-Polygon-as-Network-Declares-Date-for-Mainnet-Launch.jpg 1000w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/London-Hard-Fork-Arrives-on-Polygon-as-Network-Declares-Date-for-Mainnet-Launch-300x171.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/London-Hard-Fork-Arrives-on-Polygon-as-Network-Declares-Date-for-Mainnet-Launch-768x438.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/London-Hard-Fork-Arrives-on-Polygon-as-Network-Declares-Date-for-Mainnet-Launch-750x428.jpg 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption>Tether Now Offering USDT On Polygon Network<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-usdt-debuts-on-polygon-network\" >USDT Debuts On Polygon Network<\/a><\/li><li><a href=\"#h-aim-is-to-boost-polygon-s-defi-ecosystem\" >Aim Is To Boost Polygon\u2019s DeFi Ecosystem<\/a><\/li><li><a href=\"#h-usdt-market-cap-remains-stable-despite-recent-crisis\" >USDT Market Cap Remains Stable Despite Recent Crisis<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-usdt-debuts-on-polygon-network\">USDT Debuts On Polygon Network<\/h2>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/tether-enters-latin-america-with-this-new-stablecoin.html\">Tether<\/a> (USDT), a stablecoin, has debuted on a new chain. The stablecoin will now be available on the<a href=\"https:\/\/coinscreed.com\/staging\/terra-projects-gets-aid-from-polygon-network.html\"> Polygon<\/a> (MATIC) network, according to the following tweet from the project's staff.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Big news!\ud83d\udce3 <br><br>The largest stablecoin by market cap, <a href=\"https:\/\/twitter.com\/Tether_to?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Tether_to<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, is now offering their <a href=\"https:\/\/twitter.com\/search?q=%24USDT&src=ctag&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$USDT<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> stablecoin tokens <a href=\"https:\/\/twitter.com\/hashtag\/onPolygon?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#onPolygon<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>.<br><br>Find out more \ud83d\udc47<a href=\"https:\/\/t.co\/vgCkRIRpab\" target=\"_blank\">https:\/\/t.co\/vgCkRIRpab<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/p>&mdash; Polygon (@0xPolygon) <a href=\"https:\/\/twitter.com\/0xPolygon\/status\/1530173580306092035?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 27, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><figcaption>\u2014 Polygon &#8211; MATIC \ud83d\udc9a (@0xPolygon)\u00a0<a href=\"https:\/\/twitter.com\/0xPolygon\/status\/1530173580306092035?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noreferrer noopener\">May 27, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-aim-is-to-boost-polygon-s-defi-ecosystem\">Aim Is To Boost Polygon\u2019s DeFi Ecosystem<\/h2>\n\n\n\n<p>The DeFi ecosystem on Polygon, according to the<a href=\"https:\/\/blog.polygon.technology\/tether-usdt-stablecoin-is-coming-to-polygon\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> official announcement <span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>of Tether's activation on the latter network, &#8216;will profit enormously from Tether's role in its development.'<\/p>\n\n\n\n<p>Tether's integration into Polygon means that the stablecoin's liquidity is now available to over 19,000 Dapps and 8,000 developer teams. <\/p>\n\n\n\n<p>Polygon's 142 million unique user addresses &#8220;will have a big stable digital currency to produce profits from while traveling freely within and across the network,&#8221; according to the company.<\/p>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/tether-usdt-maintains-stability-despite-10-bil.html\">Paolo Ardoino<\/a>, Tether's CTO, went on to say that the Polygon ecosystem has grown tremendously, and that Tether will continue to support it. He stated,<\/p>\n\n\n<hr class=\"wp-block-separator is-style-default\" \/>\n<div class=\"wp-block-image is-style-rounded\">\n<figure class=\"aligncenter size-large is-resized\">\n<figure id=\"attachment_27812\" aria-describedby=\"caption-attachment-27812\" style=\"width: 200px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-27812\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Paolo-Ardoino-Tethers-Chief-Technology-Officer.jpg\" alt=\"Paolo Ardoino-Tethers Chief-Technology Officer\" width=\"200\" height=\"200\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Paolo-Ardoino-Tethers-Chief-Technology-Officer.jpg 200w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Paolo-Ardoino-Tethers-Chief-Technology-Officer-150x150.jpg 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Paolo-Ardoino-Tethers-Chief-Technology-Officer-96x96.jpg 96w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Paolo-Ardoino-Tethers-Chief-Technology-Officer-75x75.jpg 75w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-27812\" class=\"wp-caption-text\"><strong>Paolo Ardoino-Tethers Chief-Technology Officer<\/strong><\/figcaption><\/figure>\n<\/figure>\n<\/div>\n<blockquote class=\"wp-block-quote has-text-align-center is-style-large\">\n<p><strong>&#8220;We\u2019re excited to launch USDt on Polygon, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space.<\/strong><\/p>\n<p><strong>The Polygon ecosystem has witnessed historical growth this year and we believe Tether will be essential in helping it continue to thrive.&#8221;<\/strong><\/p>\n<p><strong>Paolo Ardoino, Tether's CTO<\/strong><\/p>\n<\/blockquote>\n<hr class=\"wp-block-separator is-style-default\" \/>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-usdt-market-cap-remains-stable-despite-recent-crisis\">USDT Market Cap Remains Stable Despite Recent Crisis<\/h2>\n\n\n\n<p>Tether, which is still ranked third in terms of market capitalization, has seen its market cap drop by $11 billion as a result of stablecoin jitters in the crypto market, which were sparked by UST's large depegging event.<\/p>\n\n\n\n<p>Zooming out to look at Tether's market capitalization over time, however, it's clear that USDT's growth is still unrivaled in the stablecoin space. <\/p>\n\n\n\n<p>The figure below, courtesy of Coinmarketcap, gives a visual representation of Tether's growth over time.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"762\" height=\"403\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Tether-Now-Offers-USDT-on-Polygon-Network.jpg\" alt=\"USDT Market Cap Remains Stable Despite Recent Crisis\" class=\"wp-image-28157\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Tether-Now-Offers-USDT-on-Polygon-Network.jpg 762w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Tether-Now-Offers-USDT-on-Polygon-Network-300x159.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Tether-Now-Offers-USDT-on-Polygon-Network-150x79.jpg 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Tether-Now-Offers-USDT-on-Polygon-Network-750x397.jpg 750w\" sizes=\"(max-width: 762px) 100vw, 762px\" \/><figcaption>USDT Market Cap Remains Stable Despite Recent Crisis. S<em>ource: Coinmarketcap<\/em><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Tether has launched and is offering USDT on the Polygon (MATIC) network which is aimed to boost Polygon\u2019s DeFi ecosystem USDT Debuts On Polygon Network Tether (USDT), a stablecoin, has debuted on a new chain. The stablecoin will now be available on the Polygon (MATIC) network, according to the following tweet from the project&#8217;s staff. [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":16430,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6492,5850,6020],"class_list":["post-28155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","tag-polygon-news","tag-tether-2","tag-usdt-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/London-Hard-Fork-Arrives-on-Polygon-as-Network-Declares-Date-for-Mainnet-Launch.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=28155"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/16430"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=28155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=28155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=28155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}