The stablecoin space has multiple players yet USDT holds a leading position.
Currently the stablecoin holds a market cap of over 65 billion USD
Constant change is synonym for cryptocurrency space given its nature as it widely remains unstable. Stablecoins come handy amidst such situations, when the broader crypto market witnesses carnage, becoming a safe haven. The crypto market has evolved and has seen multiple stablecoins to come along, yet Tether (USDT) remained at top, by any means.
In crypto space, it’s not surprising to see an asset achieving euphoric highs and in contrast witnessing an overnight plunge in no time. Eliminating this possibility, stablecoins are capable of sticking to fixed assets. Be it fiat currencies or commodities to keep their price stable. As far as the peg is maintained, the stability is going to be retained. USDT is one of those coins that has remained stablecoin most of the time since its inception.
USDT: Synonym of USD Over Blockchain
Launched in 20
We współpracy z: https://www.thecoinrepublic.com/2022/12/09/usdt-holds-the-top-spot-over-other-stablecoins-for-reasons/
