Tether Operations Limited, a blockchain-enabled platform that powers the largest stablecoin by market capitalisation, has today announced that tether tokens (USDt) have surpassed USD25 billion.
As the most stable, liquid and innovative stablecoin, USDt plays a pivotal role within the digital token ecosystem, with many digital token spot exchanges now denominating pairs in USDt rather than bitcoin (BTC). USDt is also increasingly being used in remittances and innovative projects in the digital token ecosystem, including those in the nascent space of decentralised finance (DeFi).
“Those working at the coal face of the digital token space, be they traders or developers, like using Tether,” says Paolo Ardoino, CTO at 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.”
USDt works across a diversity of different blockchains, including Algorand, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni and Tron. USDt is driven to support and empower growing ventures and innovation in the blockchain space.
