xcUSDT XCUSDTPrice $ 1.00

xcUSDT is a Tether stablecoin on Moonbeam. The connection between Tether and Moonbeam is made possible via an existing cross-chain integration with the Statemint parachain. Through XCM, which is the cross-chain messaging capability built into Polkadot, it is possible to move Statemint-based assets like USDT to Moonbeam, where they can be deposited as XC-20s and used like any other Moonbeam-based token across the hundreds of active projects on the network.