Tether Operations Limited announced in a blog post on Friday that its stablecoin, USDT, has launched on the Polygon blockchain. Tether said the addition of Tether to the Polygon ecosystem is a milestone moment as it offers a new stablecoin option for more than 8,000 teams building on Polygon. Following this integration, USDT is now available on eleven networks and counting including Kusama, Ethereum, Polygon, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Bitcoin Cash’s Standard Ledger Protocol.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. MATIC is up by 8% in the last 24 hours and is currently trading at $0.625.