Polygon Matic Concerned After Coinmarketcap Recognized $USDT & $USDT on Bitgert Chain

Polygon Matic Concerned After Coinmarketcap Recognized $USDT & $USDT on Bitgert Chain
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IndustryTrends
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Key Highlights:

  • Bitgert USDT/USDC bridge got recognized by the Coinmarketcap
  • Bitgert Stable coin bridge is enjoying mass adoption today
  • Bitgert competition again Polygon Matic has gone a notch higher

It is good news for the Bitgert community after Coinmarketcap finally recognized the $USDT and $USDC coins on the Bitgert chain. The Bitgert team recently released its USDT/USDC bridge, and the bridge is already experiencing massive adoption. The Bitgert team announced that $USDT worth of thousands of dollars had been transacted on the bridge in the past few days.

With the Bitgert USDT and $USDC smart contract addresses on the Coinmarketcap, the accessibility of these Bitgert stablecoins has been made easy. This integration has increased the visibility of the Bitgert USDT & $USDC bridge. The impact will be increased adoption of the Bitgert bridge, which will, in return, grow the Bitgert price exponentially.

The recognition of the USDT and $USDC on the Bitgert chain also improves the Bitgert project image, and more so this bridge. More people will know the Bitgert stable crypto bridge through Coinmarketcap, which will increase their confidence. Therefore, this is a positive move for the Bitgert project.

Among the crypto project concerned about this move is Polygon Matic. As one of the biggest Bitgert competitors, Polygon Matic has been left several steps behind by this move. In fact, the move has given Bitgert more visibility than Polygon Matic. In the next few days, we are likely to see the Bitgert price surge when the likes of Polygon Matic might be plummeting.

Polygon Matic is also concerned that Bitgert, one of the EVM blockchains, is likely to get most of the Ethereum developers. The biggest bulk of the Polygon Matic developers is from the Ethereum chain. They have been migrating to the Polygon Matic network for a cheaper gas fee and a higher speed, among many other benefits, including trading stablecoins.

But with the Bitgert $USDT and $USDC getting recognition, we are likely to see even the Polygon Matic holders joining the Bitgert chain. This is because trading $USDT and $USDC on the Bitgert chain is cheaper than on the Polygon Matic network.

So Polygon Matic has every reason to get concerned by the growing recognition of the Bitgert USDT and USDC. This is because it is a move that is going to give Bitgert an edge in the market over the likes of the Polygon Matic project.

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