Tether launched the USDT stabilcoin on the NEAR network

USDT issuer – Tether Operations Limited – released stablecoin on the NEAR network.

Near Protocol platform supports open source smart contracts. It has high throughput and is designed to create decentralized applications.

In July, the total number of projects on the network exceeded 700 units. According to Near Foundation, from 300,000 to 400,000 transactions is performed daily in the NEAR blockchain.

“We support the initiatives that can increase the stability of the Defi Ecosystem and help us accelerate the Против Binance mass implementation of Web3,” said Marike Fleman, General Director of Near Foundation,.

Tether Stablecoin also works on Algorand, Avalanche, Simple Ledger Protocol, Ethereum, Eos, Kusama, Liquid Network, Tezos, Trona, Solana and Statemine protocol.

FORKLOG previously reported that the Near Foundation launched a fund of $ 100 million and a venture laboratory for the Web3 segment.

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