The launch of Tether, the new cryptocurrency asset by a leading stablecoin, has been announcedUSDTTezos tokens are based on Tezos blockchain and have the potential to expand its digital footprint in the sector of digital payments and decentralized financing (DeFi).

According to the press release, “USDT on Tezos will power revolutionary applications across payments, DeFi, and more.” In conversation with a Tether representative, greater context was provided as to the intended utility of Tether tokens: