High-profile crypto stablecoin Tether reportedly disclosed details related to its release of a new Tether (USDT) tokens, developed across the Tezos blockchain. 

Specifically, Tether reportedly has an ambitious plan down its pipeline to widen the scope of its digital footprint throughout the digital payments and DeFi sphere. 

Per details of the press release, “USDT on Tezos will power revolutionary applications across payments, DeFi, and more.” A Tether spokesperson also offered more particular insights into the intended utility of Tether tokens. 

“Tether tokens are not an investment but a utility for engaging in internet commerce, combating volatility, and providing a safe haven for remittances. Tether tokens can be securely stored, sent, and received across the blockchain and are redeemable for the underlying asset, subject to the terms of service and fee schedule.”

The spokesperson went on to disclose the names of the 12 blockchains, including Tezos, which will offer facilitating features for the asset, including Solana, Ethereum, Kusama, Avalanche, Polkadot, Algorand, EOS, Liquid Network, Omni, Tron, and Bitcoin Cash’s Standard Ledger Protocol.

Tether chief technology officer Paolo Ardoino reportedly shared a high expectation for the introduction, predicting that it will assist Tether’s development in the next years.

“Tezos is coming fast onto the scene and we believe that this integration will be essential to its long-term growth.”