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xcUSDT is a Tether stablecoin deployed on Moonbeam. Its link to Moonbeam is enabled by an existing cross-chain connection through the Statemint parachain. Using XCM, the cross-chain messaging feature native to Polkadot, Statemint-based assets such as USDT can be transferred to Moonbeam, then deposited as XC-20s and used like any other Moonbeam token within the network’s many active projects.
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