
Tether Launches USDT on Kusama Network
According to the announcement, USDT will trade and facilitate transactions on the network’s first parachain Statemine.
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Kusama is an early, unaudited, and unrefined release of Polkadot. Kusama aims to serve as a proving ground, allowing teams and developers to build and deploy a parachain or try out Polkadot’s governance, staking, nomination, and validation functionality in a real environment.
According to the announcement, USDT will trade and facilitate transactions on the network’s first parachain Statemine.
The Acala Network will allocate these funds to support teams building on the Polkadot parachains and having a strong use case for aUSD.
The Cardano blockchain network topped the charts when it comes to blockchain development activity beating its rival by almost a 2x margin.
The procurement of a Polkadot parachain is an instrumental step in enabling Composable Finance to move the needle towards interconnectivity and cross-chain communication in blockchain.
Subsocial has secured a highly coveted parachain slot on the Kusama Network after easily winning the latest auction.