Since about February/March of this year, Tether (USDT) growth has exploded and is currently sitting at an all time high market cap of - dwarfing every other stablecoin on Ethereum and more than 10x larger than it’s closest competitor (USDC). Source:
Interesting view on Tether- thanks for that. Size and success of a large market cap attracts attention - so regulation sounds like a risk. Non transparency really erodes confidence, so I agree, a few big issues there- I’ve heard the phrase, ‘too big to fail’ before :)
Interesting view on Tether- thanks for that. Size and success of a large market cap attracts attention - so regulation sounds like a risk. Non transparency really erodes confidence, so I agree, a few big issues there- I’ve heard the phrase, ‘too big to fail’ before :)