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Ethereum Rollup Hermez Network, To Be Used by Tether, Goes Live

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Coinness reporter

Wed, 24 Mar 2021, 10:20 am UTC

Hermez Network – a Layer 2 throughput solution for moving tokens and Ether on the cheap – is now live on the Ethereum mainnet.

The network – which will be used by stablecoin giant Tether – will initially support five assets including ether, wrapped Bitcoin, Dai, Tether and the Hermez token, the team said in a press release. Support for more assets will be added in the coming months.

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