KuCoin adds support for Tezos-based USDT stablecoin, Creates more choices for its users.
KuCoin, one of the world’s leading cryptocurrency exchanges, announced that it has opened deposit services for Tezos USDT (Tether).
According to a press release shared with Coinjournal, Tezos USDT support for KuCoin represents Another important development for energy-efficient, self-amending blockchains.
This is following
Updates after Tether will be integrated on the Tezos
blockchain in July 2022.
Besides Tezos, USDT stablecoin can also be used on many other blockchains Used, including Ethereum, Tron, Polkadot, Algorand, Avalanche, Solana, EOS, Bitcoin Cash’s Simple Ledger Protocol (SLP), Liquid Network, Kusama, and Omni.
Tezos has experienced a surge in usage over the past few years and has become one of the largest developer ecosystems column.
Tezos blockchain is popular for its seamless upgrade without forking, Recently completed the 11th upgrade to date.
Tezos says upcoming blockchain upgrade is expected to usher in new features , like Divine Optimistic Rollup, allows dedicated higher throughput layer 2 solutions for EVM and WASM virtual machines, all computations are verifiable and loaded onto the Tezos blockchain.
Tezos’ ability to upgrade and expand, while being an industry leader in energy efficiency, Making it one of the most attractive blockchains in the space.
Over the past few months, Tezos has partnered with us with some leading of brands and agencies including Manchester United
, McLaren cars, team dynamics, gaps and more.
Tezos added;
” The announcement is also a testament to the fast growing Tezos NFT and the DeFi community, including leading NFT marketplace Objkt.com, generative art platform fx(hash), yield farming protocol Youves, and decentralized exchange and EVM bridge Plenty.”
KuCoin has been around since 2017, is one of the world’s leading cryptocurrency exchanges. The exchange offers more than 700 digital assets and currently provides spot trading, margin trading, P2P fiat currency trading, futures trading, staking and lending services to 20 million users in 207 countries and regions.
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