Most of the main digital assets in the constantly developing cryptocurrency market are significant, as evidenced by TetherLast milestone. The popular Stablecoin has now reached a recent threshold in terms of overall market value, strengthening its position in the sector.
Delivery mark $ 160 billion for USDT Tether
In the remarkable development of USDT Tether, it formally exceeded $ 160 billion in circulation, which is a significant milestone for the largest stablelein in the world. This milestone appears in the regret on the general cryptographic market, with assets such as Bitcoin AND Ethereum Breaking Barriers.
Since USDT still plays a key role in both controlled and decentralized financial ecosystems, this achievement reflects the increased demand for liquidity, stability and cross -border usefulness in the field of digital assets.
Paolo Ardoino, CEO (CEO) Tether, Ma eminent This milestone in the last post on the X platform (previously Twitter). According to CEO, this is “a statement of unparalleled utility USDT As a digital dollar for billions of people living in emerging markets and developing countries. “
Until now, Ardoino confessed to the community for this recent, stunning milestone. The swift expansion of Tether indicates not only the maturing market, but also the growing dependence on the Stablecoin as an necessary infrastructure of international cryptocurrency trading.
Another significant development of imprisonment is a significant raise in the monthly volume of transfer to the chain. Data common by CEO shows that Stablecoin Currently, an average of USD 1 trillion in the chain every month.
It is worth noting that the volume in the chain is constantly growing from around $ 14.8 billion to $ 1.1 trillion per month, which is an raise of 7400% from 2020. This violent raise reflects the key role of blockchain as a spine of liquidity in the cryptocurrency industry.
There was also a significant raise in the vigorous number of users and participation. Post Ardoino revealed that vigorous Tether users increased rapidly from 2.8 million to 450 million, which indicates an raise by more than 160 times since 2020.
Will the leader Stablecoin lose his dominance with the upcoming counterparts?
Despite this extraordinary raise in market value, the size of the transfer in the chain and the vigorous number of users, Stablecoin is still on the verge of loss of market grip. This is due to the upcoming adjustable stableins such as RippleDollar token, Rlusd, gaining significant recognition in cryptography and financial landscape.
Currently, regulations are developing on the relationship between digital assets and customary finances, which may affect the dominance of USDT. This is due to the fact that Stablecoin can be evaded by requests for openness regarding its resources.
A distinguished picture from Adobe, chart from TradingView.com
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