• Kusama has launched token.
• This incubation allows USDT transactions to be powered by Statemine parachains of Kusama.
• Statemine projects deploy assets, from tokenized artworks to stablecoins.

Tether Operations Limited is the operator of blockchain platform Tether and has now launched Tether tokens (USDT), on Kusama. USDT will thus be considered with the asset ID 1985 and used for transactions on Statemine parachain.

Parachains, which are individual blockchains that operate in conjunction with an ecosystem, can also be called parachains. Kusama is an extensible network of specialized Blockchains. Statemine, its first Parachain is it.

The parachain acts as a balance-keeper and can hold a wide range of tokens, both fungible or non-fungible. Statemine provides functionality to operate assets, from tokenized artworks to Kusama-network stablecoins. It is designed to offer users better services at lower prices than other solutions. This addresses the security, scaleability and interoperability issues of blockchains.

Paolo Ardoino was the Chief Technology Officer at Tether.

Kusama is the perfect example for those who believe in decentralized permissionless ecosystems. This platform is designed to give control to its users. It’s an important asset to its ecosystem and we look forward to contributing to it.

Kusama, founded by Gavin Wood in 2019, is a scalable network made up of substrate-based specialized blockchains. They have almost the same codebase than Polkadot. This platform allows people to develop and test new trading strategies on Kusama. The platform also lets users prepare for the development of Polkadot.

Tether was launched in October 2014 and is the best-known stablecoin. Tether is the most widely traded cryptocurrency.

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