KuCoin opens deposit services for Tezos USDT

KuCoin, the world-leading cryptocurrency exchange, has introduced deposit services for Tezos (XTZ/USD) USDT (Tether), Invezz learned from a press release.

This launch is another key milestone for the self-amending, energy-efficient blockchain. In July, Tezos integrated Tether, the biggest stablecoin by market cap.

Growing usage year after year

Tezos is becoming more popular year after year. It ranks among the most significant developer ecosystems. The blockchain is well-known for being able to upgrade seamlessly without forks. It closed its 11th upgrade recently.

Dedicated higher L2 solutions

Future upgrades are expected to include integrated optimistic rollups, which will enable higher throughput, dedicated Layer 2 solutions for EVM and WASM virtual machines enshrined on the Tezos blockchain with all computation made verifiable.

An appeal for brands and institutions alike

As a leader in energy efficiency with a pronounced ability to upgrade and scale, Tezos is an appealing choice for world-known brands like The Gap, Manchester United, Team Vitality, McLaren Racing, and more. These institutions are all looking to expand their reach into DeFi and Web3.

The launch also testifies to the rapidly-growing Tezos DeFi and NFT community, which includes generative art platform fx(hash), leading NFT marketplace Objkt.com, decentralized exchange and EVM bridge Plenty, and yield farming protocol Youves.

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