As the most stable and liquid stablecoin, Tether is proving itself to be one of the most trusted cryptocurrencies. Our team is also working to further grow into online commerce and traditional finance.
Sydney Ifergan, the crypto expert opined “Tether (USDT) is a stable form of payment. Agreed, it is complementary to BTC.”
Bloomberg reportedly stated that Tether might exceed the market capitalization of Ethereum in 2021. This in turn will lead to mainstream adoption of stablecoins and Central Bank Digital Currencies (CBDCs).
The current market scenario is encouraging given the progressive growth of Tether (USDt). The market capitalization of Ethereum; however, continues to be relatively stagnant. USDt seems to be on the pace to match the market capitalization of Ethereum in a year.
Per Bloomberg, USDt is improving in its position as a stablecoin and it plays a very important role in the trading of digital assets resulting in increased numbers of digital asset spot exchanges that are now denominating trading pairs in Tether than Bitcoin. Several remittances and innovative projects are making use of decentralized finance (DeFi).
Paolo Ardoino, CTO at Tether, reportedly has stated, “As the most stable, liquid and trusted stablecoin, it is powering so much innovation in crypto at the moment. Tether is lubricating many of the powerful protocols that Ethereum has given birth to, such as those in DeFi. Of course, we don’t see ourselves as competing with Ethereum. Nevertheless, eclipsing Ethereum’s market capitalization, which currently stands above US$40 billion, will be a powerful statement.”
Skew, Professional Data Analytics and Trade Execution Services have expressed that there is strong growth in USDT-margined futures contract this year, now almost on par with BTC-margined contracts on a daily basis
Joe Morgan tweeted: “Tether once again proves itself to be one of the most trusted assets in the crypto space. Our team is also working to further growth into online commerce and traditional finance.” Paolo Ardoino, CTO, Tether”
Tether (USDT) Gaining Recognition as Trusted Assets
With Tether gaining recognition as one of the trusted assets in the crypto space, they are working to ensure that they are working to further growth into the online commerce and traditional finance. Tether is focused on providing support to empower growing ventures and innovation in the blockchain space.
Tether are working across different blockchains like “Algorand, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Tron and Solana.”
In the past month, Tether was integrated for use in Meconcash, which is a cryptocurrency payment platform. Further by joining the MCH ecosystem Tether will be enabling users to make use of USDT for different payment services.
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