Tether USDT launches on NEAR as protocol launches $100M Web3 fund

Stablecoin issuer Tether announced the palmy integration of the USDT stablecoin connected NEAR protocol.

According to Tether, launching USDT connected NEAR volition assistance bring much stableness to NEAR’s DeFi ecosystem and trim the adverse effect of marketplace volatility connected users.

Tether (USD₮) Launches connected Near Network https://t.co/GY8sAR49ES pic.twitter.com/dKM4ZrACVt

— Tether (@Tether_to) September 12, 2022

Following the palmy motorboat connected NEAR, USDT is present integrated with eleven networks making it easier for liquidity to beryllium transferred crossed supported networks.

Tether’s CTO Paolo Ardoino said:

“The NEAR ecosystem has witnessed humanities maturation this twelvemonth and we judge Tether volition beryllium indispensable successful helping it proceed to thrive.”

NEAR launches $100 cardinal Web3 Fund

NEAR Foundation has inked a caller concern with Caerus Ventures to motorboat a $100 cardinal money that volition beryllium utilized to money creators redefining civilization and amusement successful Web3.

Caerus is an concern steadfast that supports creators and projects that leverage blockchain to make worth crossed sports, music, fashion, art, and gaming.

NEAR Foundation CEO Marieke Flament said:

“We’re backing Caerus due to the fact that they person a uniquely differentiated proposition and robust concern thesis predicated connected the tokenization of amusement and decentralization of rights and licensing.”

Flament added that with caller inducement structures successful Web3, creators and fans are empowered to instrumentality power of their publication and the rewards that travel with it.

NEAR Foundation volition lend an archetypal money of $50 cardinal to the concern and plans to adhd $100 cardinal during effect to Series A backing rounds.

Caerus volition marque its archetypal concern into Venture Labs. Venture Labs collaborates with creators and franchise owners to unlock worth from their intelligence spot (IP), reach, and influence.

Caerus laminitis Nathan Pillai said:

“I’ve been hugely impressed by NEAR’s worth proposition for developers and users, but much importantly, their ngo to empower creators and consumers of civilization with much power implicit their assets.”

The station Tether USDT launches connected NEAR arsenic protocol launches $100M Web3 fund appeared archetypal connected CryptoSlate.