Digital Assets Report

Newsletter

Like this article?

Sign up to our free newsletter

Bitfinex enables deposits and withdrawals for Tether tokens (USDt) on Tezos

Related Topics

Digital token trading platform Bitfinex has enabled its users to deposit and withdraw tether tokens (USDt) on Tezos, a decentralised open-source blockchain that can execute peer-to-peer transactions and serve as a platform for deploying smart contracts.

The launch of USDt on Tezos is the twelfth blockchain on which USDt is available, adding to Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Kusama, Polkadot, Tron and Solana. 

Tezos has seen a significant increase in usage year-over-year and was listed among the largest developer ecosystems, according to the annual Electric Capital Developer Report. Tezos, well known for its ability to seamlessly and forklessly upgrade, is expected to incorporate in its future upgrades features such as enshrined optimistic rollups, which allow for dedicated higher throughput Layer 2 solutions for EVM and WASM virtual machines with all computation made verifiable, enshrined on the Tezos blockchain. 

Like this article? Sign up to our free newsletter

Most Popular

Further Reading

Featured