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Bitfinex Enables Deposits and Withdrawals for Tether (USDt) on Polkadot (Statemint)

BITFINEX

Related type: Others

2022-09-23 23:22

We're pleased to announce that Bitfinex customers can deposit and withdraw USDt on the Bitfinex platform using the Polkadot transport layer from 23/09/22 at 3:00 PM UTC. This follows the integration of USDt onto Polkadot, a network protocol that allows arbitrary data—not just tokens—to be transferred across blockchains. The integration of USDt onto Polkadot reduces confirmation times, makes payments faster, and lowers transaction costs. The launch of USDt on Polkadot will further expand its reach to different chains, including Ethereum, as it cements its position as the largest stablecoin by market capitalisation. USDt is supported by numerous e-commerce platforms and payment gateways and already provides faster payment compared to credit and debit cards and traditional payment systems. For more information, please visit https://polkadot.network/.