NEAR Protocol adds Tether [USDT] to its pack but here’s the catch
There has been a lot of quiet from NEAR Protocol’s [NEAR] end lately. In an awakening call, NEAR seemed to have heeded the shouts for an update.
In an official announcement on 12 September, stablecoin, Tether [USDT] announced that it was joining forces with NEAR in what seemed like a push to help the NEAR project thrive.
<p lang=«en» dir=«ltr» xml:lang=«en»>Tether (USD₮) Launches on Near Network https://t.co/GY8sAR49ES pic.twitter.com/dKM4ZrACVt— Tether (@Tether_to) September 12, 2022
In the wake of the development, NEAR recorded a 6.44% uptick against the stablecoin in the last 24 hours. According to CoinMarketCap, NEAR was also up in trading volume. At press time, NEAR’s 24-hour trading volume was a 51.87% increase, worth $622.20 million.
Meanwhile, the development could be in line with NEAR’s mission to deploy more projects in its ecosystem. After reaching 700 projects in July, NEAR tweeted about its objective of surpassing the 800 projects currently hosted on its network.
<p lang=«en» dir=«ltr» xml:lang=«en»>Co-founder of @NEARProtocol @ilblackdragon is talking about over 800 projects deploying on NEAR ecosystem Read more on ambcrypto.com
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