USDT Token Sufficient on Statemine Parachain, Eases Transactions
- USDT token is now sufficient for payment on Kusama’s Statemine parachain.
- Terra registered USDT on Statemine requesting its existence on Kusama.
- This is expected to increase transactions and make it more flexible for holders.
Following the official implementation of the Kusama proposition 197 referendum, Tether (USDT) is now sufficient for paying transaction fees on the Kusama ecosystem. This was made possible after USDT was registered on Statemine, a parachain working on Polkadot’s Kusama network. Now, USDT can exist on Kusama accounts, without the need for the KSM token of Kusama.
What’s more, using USDT on Kusama makes the transaction process more flexible. As stated on the Polkassembly website, the stablecoin will power transactions on Kusama’s Statemine parachain needed for asset deployment and balance-keeping of fungible and non-fungible tokens.
Furthermore, the website states th ...
Read more: https://coinquora.com/usdt-token-sufficient-on-statemine-parachain-eases-transactions/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
