Tether Operations Limited, a blockchain-enabled platform that powers the largest stablecoin with its market value, announced today that tether tokens (USDt) have exceeded $ 25 billion.
The most stable, liquid and innovative stablecoin, USDt plays a very important role in the cryptocurrency ecosystem, and many crypto spot exchanges now express pairs in USDt instead of bitcoin (BTC). USDt is also increasingly used in dispatches and innovative projects in the digital token ecosystem, including the nascent area of decentralized finance (DeFi).
Tether CTO, Paolo Ardoino, says that traders or developers using Tether are true laborers of the crypto space:
This latest milestone reflects Tehter’s confidence and growing popularity. As the field becomes the focus of institutional investors, it provides the foundations on which the tether crypto space can grow. Tether will continue to support our thriving community. ”
It works on a variety of different blockchains, including USDt, Algorand, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, and Tron. USDt is driven to support and strengthen growing initiatives and innovation in the blockchain space. Although there are many discussions about it, the stable coin, which continues to grow, is still the most preferred stable coin in the crypto money markets.