The world's largest stablecoin Tether (USDT) will now also work on the Ethereum Layer-2 scaling solution Polygon. With the Polygon integration, the third largest cryptocurrency will be able to work in a new network. Tether CTO Paolo Ardoino said he is excited to bring USDT to Polygon, which supports close to 20,000 dApps. Polygon has grown significantly and USDT will help this blockchain evolve.
USDT has a market cap of over $72 billion. The company also has other stablecoins pegged to gold and peso.