Tether, the largest stablecoin issuer, has announced support for NEAR as a new Blockchain network for USDT issuance. Thus, USDT; It will also be printed on Near as the 13th blockchain network after Ethereum, Solana, Avalanche, Algorand, Polygon, Tron, Omni, EOS, Liquid Network, Kusama, Tezos, and Bitcoin Cash.

Near has been hosting many projects in recent months. It is said that more than 700 projects continue to be built on Near, while there are active days on the network. Not indifferent to this development, Tether announced that it will help the ecosystem by making it easier for Near network users to access USDT.

Tether CTO Paolo Ardoino said in a statement on the subject that the Near network has witnessed significant growth this year and they believe Tether will help the development of the network. Although USDT is currently live on the 13th Blockchain network, the dominant Blockchain networks are seen as Ethereum and Tron.

NEARprotocol

The Near Foundation announced that it has launched a $100 million venture capital fund in partnership with Caerus Ventures. In addition, the foundation will establish an enterprise laboratory. The $100 million fund will focus on Web3 startups and the seed phase of Series A investments will be funded.

With an initial goal of raising $50 million, the fund will invest in a startup lab that supports projects using developers, intellectual property owners, developers and diverse communities in the ecosystem.

On the other hand, Near has raised $350 million in an investment round led by Tiger Global this year. Other investors of the round included Republic Capital, FTX Ventures, Hashed and Dragonfly Capital.

One of the latest developments regarding Near is the emergence of the algorithmic stablecoin USN, which is co-founded this year with other high-capital stablecoins. Recent news about Near has also supported the positive pricing of its native token NEAR.