USDT is one of the first stablecoins to go live on the Hermez network, with zero-knowledge rollups being known to provide a suitable solution to transaction bottlenecks.
“We’re delighted to be among the first to launch on Hermez,” said Paolo Ardoino, CTO at Tether.
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“This demonstrates our commitment to solving the issues of scalability and high transaction fees on the Ethereum network. Tether takes its pivotal role in the digital token ecosystem seriously. We’re committed to overcoming technical hurdles while doing our utmost to make manifest the many great projects that developers are working on in our space.”
“By onboarding the USDt stablecoin, we are incentivising transactions on layer 2 and decreasing congestion and fee pressure on Layer 1,” said Antoni Martin, Co-Founder of Hermez. “This is a win-win situation for users and stablecoin issuers as it will reduce friction and increase velocity.”
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