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KuCoin has added support for the Tezos-based USDT stablecoin, giving users more options.
KuCoin, one of the world’s leading cryptocurrency exchanges, has announced the launch of Tezos USDT (Tether) deposit service.
According to a press release shared with Coinjournal, KuCoin’s support for Tezos USDT represents another significant development for energy-efficient, self-modifying blockchains.
This latest development Integrating Tether in Tezos Blockchain July 2022.
In addition to Tezos, the USDT stablecoin is also available on many other blockchains, including Ethereum, Tron, Polkadot, Algorand, Avalanche, Solana, EOS, Bitcoin Cash’s Simple Ledger Protocol (SLP), Liquid Network, Kusama, and Omni. available.
Tezos has seen a surge in usage over the past few years, making it one of the largest developer ecosystems.
The Tezos blockchain has gained popularity due to its seamless upgradeability without forks, and recently completed its 11th upgrade to date.
According to Tezos, upcoming upgrades to the blockchain will usher in new features such as the built-in optimistic rollup, a high-throughput layer 2 solution dedicated to EVM, and all computations will be verifiable and will be integrated into the Tezos blockchain. Enables an embedded WASM virtual machine.
Tezos’ ability to upgrade and scale makes it one of the most attractive blockchains in the space while being an industry leader in energy efficiency.
Over the past few months, Tezos has partnered with several leading brands and institutions. Manchester UnitedMcLaren Racing, Team Vitality, The Gap and more.
Tezos added:
This announcement is a testament to the rapidly growing Tezos NFT and DeFi community, including leading NFT marketplace Objkt.com, generative arts platform fx(hash), yield farming protocol Youves, decentralized exchange and EVM bridge Plenty. There is also.”
KuCoin has been around since 2017 and is one of the world’s leading cryptocurrency exchanges. The exchange offers over 700 digital assets and currently offers spot trading, margin trading, P2P fiat trading, futures trading, staking and lending to his 20 million users in 207 countries and territories. We offer dings.
