Stablecoin company Tether has rolled out a USDT directory feature on Wednesday, as per an official announcement. The new directory allows users to access a global mapping feature, which shows the regions where USDT is being used and what use cases the stablecoin is used for.
The update comes after Tether announced a strategic investment in LayerZeroLabs.
The new feature was built in collaboration with The Grid.
“USD₮ does not exist as an isolated asset. It operates within a broad universe of wallets, platforms, payment tools, and cutting-edge infrastructure built by teams around the world,” said Tether’s CEO, Paolo Ardoino.
“Making the Tether universe more transparent and navigable matters as USD₮ becomes more ubiquitous in everyday financial activity, and this directory helps document how USD₮ and other Tether products are utilized globally.”
At the time of writing, Tether’s market capitalization was roughly $186 billion. The official statement says that as Tether’s global presence grows, users can analyze different use cases across the globe and different integrations, avoiding promotional listings.
The initial version of a USDT directory will be launched as a public proof-of-concept and will be expanded as more people start to use the platform.