Tether (USDT) is the native token of Tether Limited, a Hong Kong blockchain technology. Tether (USDT) is controlled by the Cryptocurrency Exchange, Bitfinex. USDT can now be traded and exchanged on the Polygon blockchain. This was contained in an announcement on Friday, May 27th, 2022 by the Tether team. With the Migration of Tether to the Polygon blockchain, USDT is now present in a total of 11 blockchains. Some other blockchains where Tether (USDT) exist are Bitcoin blockchain, Ethereum blockchain, Solana blockchain, Avalanche blockchain, Binance blockchain, Tron blockchain, Algorand blockchain, Kusama blockchain, Liquid, and Bitcoin Cash blockchain. At the time of writing, Stablecoin Tether (USDT) is ranked in the third position and trading at $0.9994 with 0.04% increase in the past 24 hours. Polygon (MATIC) is in the 17th position and is trading at $0.6267 with a 24 hours increase of 5.10%. Some of the possible outcomes for the migration of Tether (USDT) to the Polygon blockchain include: Increased trust in Tether (USDT). Increased ranking for Polygon and Tether. The attraction of more projects into the Polygon blockchain. More developments and upgrades on the Polygon blockchain. Launch of decentralized finance projects on the Polygon blockchain. Increased investment in the Polygon blockchain and Tether network. Increased trust in Tether (USDT) Stablecoin The recent market implosion of Terra blockchain native Stablecoin Te...
