Polygon Bridged USDT (Polygon USDT) is a representation of the Tether stablecoin on the Polygon network. It is designed to provide users with a stable value asset for transactions and decentralized finance activities within the Polygon ecosystem. The stablecoin is intended to maintain a 1:1 peg with the US dollar. ^[3]

Overview

USDT was launched natively on the Polygon network in May 2022. This integration enhanced the Polygon ecosystem by providing a widely used stable asset for various applications, including trading, lending, and yield farming. Before the native issuance, USDT was accessible on Polygon through bridging mechanisms from other blockchains, primarily Ethereum.

The introduction of native USDT on Polygon was intended to support the network's growth and offer users a stable medium of exchange that could help mitigate the effects of market volatility within the Polygon environment. Tether's CTO Paolo Ardoino commented on the integration:

"The Polygon ecosystem has witnessed historical growth this year. We believe Tether will be essential in helping it continue to thrive." ^[1]

Technology

Polygon Bridged USDT operates on the Polygon Proof-of-Stake (PoS) chain. As a bridged or natively issued token on Polygon, it represents an equivalent amount of USDT held on another blockchain, typically Ethereum, or is directly issued on the Polygon chain by Tether. The underlying mechanism ensures that each Polygon Bridged USDT token is backed by reserves, maintaining its peg to the US dollar. The Polygon network's architecture allows faster and lower-cost transactions than the Ethereum mainnet, making USDT transfers and usage more efficient within the Polygon ecosystem. ^{[2] [3]}

Features

Polygon Bridged USDT is designed to maintain a 1:1 peg with the US dollar and operates on the Polygon Proof-of-Stake blockchain. It enables stable value transfer across the Polygon network and can be moved between chains through bridge protocols. The token is also integrated into various DeFi applications on Polygon, serving as a key asset for trading, lending, and liquidity provision. ^{[3] [4]}