Tag: Polkadot

Tether, the company that powers the largest stablecoin by market cap and the 3rd largest cryptocurrency, announced the launch of Tether (USDT) on Polkadot. The launch will allow Tether to move in and out of the Polkadot network. Tether, the largest stablecoin on the market, continues to expand its footprint in decentralized ecosystems with the…

Polkadot’s DeFi protocol Acala is struggling to edge back its native stablecoin aUSD to the dollar peg after the community voted to burn 1.29 billion of aUSD. Following a smart contract exploit that dropped the aUSD’s value, a new governance vote aims to bring the token back to its peg. These “extra” tokens were minted…

Moonbeam, a smart contract parachain on Polkadot, announced a partnership with Cosmos-based decentralized exchange Osmosis on July 23 to enable cross-chain token swaps between the Polkadot and Cosmos ecosystems. Simply put, this integration means it will be easy to transfer tokens between the two different blockchain ecosystems. Axelar Network will serve as the bridge infrastructure…

Following AmsterDot in April and Polkadot Decoded in June, another conference and workshop event focused on the Polkadot community and ecosystem has been announced in Paris. It will be held at the Arab World Institute on July 19-21. ParisDot.comm is a two-and-a-half-day long event that is taking place in the beautiful Arab World Institute on…

Blockchain firm Enjin announced the launch of Efinity, the first parachain on the Polkadot network dedicated to non-fungible tokens (NFTs) and gaming. In the works since last summer, the Efinity parachain is courting games on existing smart-contract blockchains. Efinity’s ecosystem is set to be home to over 100 blockchain-based games and applications, the first of…

After months of development, the first five Polkadot Parachains launched to the Polkadot network last weekend. The feature will allow for multiple blockchain applications on the ecosystem. Some experts suggest the evolution of competing blockchain networks like Polkadot could threaten Ethereum’s spot as the leading chain for DeFi and DApps. The five parachains that went…