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Nichome announces support for bridging and staking USDT on Neo X

source-logo  neonewstoday.com 15 January 2025 08:53, UTC
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Nichome has announced support for bridging and staking $USDT. Users can now move $USDT to Neo X from various EVM networks and stake it with Nichome to earn X Credits.

Nichome is an activity incentivization platform for Neo X, designed to reward users for interacting with Neo X projects. The platform centers around Nichome’s Treasure Chest mechanism, which allows users to stake $GAS to receive chests containing potential rewards. To unlock a chest, users need to collect X Credits to obtain a KEY. X Credits can be earned by performing daily tasks, interacting with ecosystem projects, and bridging and staking assets such as $GAS and now $USDT.

$USDT can be bridged to Neo X from Ethereum, Binance Smart Chain, Arbitrum, Optimism, or Mantle, however the reverse operation is not currently possible. The bridge is maintained by Meson Finance.

When staked on Nichome, $USDT is converted into nUSDT, Nichome’s wrapped variant. The team hinted that new ways to utilize nUSDT on Neo X would be made available over the coming weeks, though specifics were not provided.

The original announcement can be found at the link below:
https://x.com/nichome_io/status/1878838515150246156?t=rxdOjcsFa-8fOlkDyUHVKw&s=19

neonewstoday.com