Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => USDT Forum => Topic started by: Rain075 on January 27, 2021, 07:57:37 PM
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The stablecoin Tether (USDT) has just announced that it has surpassed $25 billion in market capitalization.
USDT is the most liquid and widely used US dollar-pegged stablecoin in the crypto market, to the extent that it has even become the reference currency of some spot exchanges that previously traded only in bitcoin (BTC).
Among other things, USDT is widely used on DeFi’s platforms, which is one of the reasons for its success.
Paolo Ardoino, CTO of Tether, explained:
“Those working at the coal face of the digital token space, be they traders or developers, like using Tether. This latest milestone reflects the trust and growing popularity of Tether. As the space becomes the focus of institutional investors, Tether is providing the foundations on which the digital token space can grow. Tether will continue to support our flourishing community.”
It’s also important to remember that, although born on Omni, Tether is now present on several blockchains such as Bitcoin Cash with SLP tokens, Ethereum, Liquid, Algorand, EOS and Tron. Source link (https://cryptonews.net/456947/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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The fact is that every trader or investor faces certain problems, which are solved with the help of USDT. every investor, before investing his funds in cryptocurrency, starts fiat funds in USDT on the cryptocurrency market, and you also need to take into account the fact that USD is the best example of how you can get the opportunity to minimize your losses during the fall of the cryptocurrency market, as well as lock in your profits during a bull run.