We’re pleased to announce that Tether tokens (USDt) will be available on Avalanche, an open-source platform for launching highly decentralized applications, new financial primitives and new interoperable blockchains.

Avalanche is a decentralized smart contracts platform built for the scale of global finance. The protocol is designed as a highly scalable ecosystem with the aim of delivering near-instant transaction finality while levying low transaction fees that are fractions of a cent.

Avalanche has emerged as a hub in the nascent space of decentralized finance (DeFi). Avalanche is compatible with Solidity, a high-level object-oriented programming language, primarily used on Ethereum. This enables Ethereum developers to quickly build decentralized apps (DApps).

The launch of USDt on Avalanche will provide traders with a fast, cost-effective way to transfer USDt across different exchanges and trading platforms.