Polygon Bridged USDT (Polygon) $USDT is $USDT integrated into the Polygon ecosystem to enhance DeFi scalability and efficiency. More
| Fully Diluted Valuation | $1.37B |
|---|---|
| 24H Trading Volume | $29.87M |
| 24H Low / High | $1.00 / $ 1.00 |
| Circulating Supply | 1.37 B |
| Total Supply | 1.37 B |
| Max Supply | ∞ |
| Categories | Bridged USDT 3 more |
|---|---|
| Founder | Anonymous |
| Website | portal.polygon.technology |
| Socials | |
| Chains | Polygon-pos Ecosystem |
| Explorer | Arkhamintelligence 1 more |
| Contracts |
0xc21....58e8f
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| Name | Pair | OG Score |
|---|
Polygon Bridged USDT (Polygon) $USDT represents the integration of Tether, the widely used stablecoin, into the Polygon ecosystem through a bridging mechanism. This initiative brings $USDT's stability and liquidity to the Polygon network, an Ethereum layer-2 scaling solution known for its high throughput and low transaction fees. The integration aims to enhance the decentralized finance (DeFi) ecosystem on Polygon by offering a stable value cryptocurrency for various financial applications.
Tether, the issuer of $USDT, provides a stablecoin pegged to the value of the US Dollar, ensuring minimal price volatility. Through the bridging process, $USDT becomes accessible within the Polygon ecosystem, allowing users to leverage its advantages for seamless trading, lending, and more.
Key Features
Seamless Bridging
Polygon Bridged USDT (Polygon) $USDT allows the transfer of $USDT from its origin chains (like Ethereum) to Polygon, enabling users to benefit from Polygon’s scalability and low fees. This makes $USDT readily available for DeFi projects and users on the Polygon network.
Stable Value for DeFi Applications
The integration provides a stable digital asset, $USDT, that users can utilize in a wide range of DeFi applications, such as liquidity provision, staking, decentralized trading, and yield farming. This stability is critical for reducing volatility risks in financial activities.
Improved Transaction Efficiency
Polygon Bridged USDT (Polygon) $USDT benefits from Polygon's low transaction costs and high processing speed, making it a more efficient option for sending, receiving, and transacting stablecoins compared to other networks.
Widespread Adoption
Polygon Bridged USDT (Polygon) $USDT supports diverse use cases ranging from day-to-day transactions to advanced financial services within the DeFi ecosystem.
Use Cases
Liquidity Provision: Users can provide $USDT liquidity to decentralized exchanges (DEXs) or DeFi protocols on Polygon, earning rewards in return.
Borrowing and Lending: With Polygon Bridged USDT (Polygon) $USDT, users can engage in decentralized lending and borrowing, taking advantage of stable collateral or borrowing options without the risk of price fluctuations.
Cross-Border Transactions: The use of $USDT on the Polygon network enables cost-effective and fast cross-border payments for individuals and businesses.
Yield Farming and Staking: DeFi users can earn returns by staking $USDT or participating in yield farming programs that rely on the stablecoin as one of the core assets.
Conclusion
Polygon Bridged USDT (Polygon) $USDT marks a significant step in bridging the gap between stablecoins and scalable blockchain solutions. By integrating $USDT into the Polygon ecosystem, the project provides a reliable and efficient stablecoin option for users and developers in the DeFi sector.
Polygon Bridged USDT (Polygon) $USDT combines the stability of $USDT with Polygon’s low-cost, high-speed blockchain efficiency.
The founders are anonymous.
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