What is Tether (USDt), and how does it work?
USDt explained for beginners: Learn how Tether works, why it’s popular and how it stacks up against other stablecoins.
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USDt explained for beginners: Learn how Tether works, why it’s popular and how it stacks up against other stablecoins.
The stablecoin market, which is dominated by Tether and Circle, is worth more than $214 billion.
USDC’s massive growth in 2024 marked the stablecoin’s steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.
Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi.
Agora’s AUSD is the latest entrant into the burgeoning stablecoin market.
Tether USDt’s trading has wiped $100 billion since mid-December, but it “may be premature to turn bearish,” according to Matrixport.
The Aave community has pushed back against the proposal, questioning whether it addresses the core risks.
XRP previously overtook USDT on Dec. 1 when it climbed past both Solana and Tether’s stablecoin.
The stablecoin is also more widely distributed across blockchain networks.
“Cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets,” Tether CEO Paolo Ardoino said in April.
