NEAR Protocol adds Tether [USDT] to its pack but here’s the catch

ambcrypto.com:

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.

— 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.