“USDT on Avalanche is an essential building block for DeFi users,” Emin Gün Sirer, the director of the Avalanche Foundation explained in a statement.
Over the last 30 days, the native asset on the Avalanche chain has increased in value by 59.9%, and year-to-date, AVAX has swelled by 2,554% in value.
Tether’s reserve transparency page notes that as of November 10, 2021, there’s approximately 74,863,439,905 tether in existence.
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