Binance, one of the world’s largest cryptocurrency exchanges, has announced the integration of Tether (USDT) on the NEAR Protocol network. According to a blog post on Binance’s website, users can now make deposits and withdrawals of USDT on the NEAR Protocol network.
NEAR Protocol is a blockchain platform designed to be fast, secure, and developer-friendly. It offers smart contracts, decentralized applications (dApps), and other features that make it ideal for building decentralized finance (DeFi) applications. Tether (USDT), on the other hand, is a stablecoin that is pegged to the US dollar. It is one of the most widely used cryptocurrencies in the world, and its integration on the NEAR Protocol network is expected to further expand its use cases.
Binance’s integration of USDT on the NEAR Protocol network means that users can now make faster and cheaper transactions using the stablecoin. The integration is also expected to increase the liquidity of USDT and expand its use cases beyond the traditional crypto trading market. With the integration, users can now deposit USDT on the NEAR Protocol network by finding their assigned USDT deposit address within the Deposit Crypto section on Binance.
Overall, Binance’s integration of USDT on the NEAR Protocol network is a significant development for both the exchange and the cryptocurrency market as a whole. It is expected to increase the use cases and adoption of USDT while also expanding the capabilities of the NEAR Protocol network.