Tether capitalization exceeds $ 50 billion
Today is a great day. After all, a breakthrough, innovative cryptocurrency of a new type, that is, Tether, has exceeded $ 50 billion in its own capitalization. This is a truly huge achievement, which shows that the so-called stablecoins are in demand and are interesting not only for ordinary users, but also for serious business people. That is why, on such a symbolic day, we will remind you how Tether went. We will also give several reasons why this coin should definitely be in your investment portfolio. So let’s get started.
How has Tether changed the market?
Our regular readers, as well as all active users of the cryptoindustry, remember how the first years of the digital economy began. Previously, there were only cryptocurrencies in the industry. That is, assets, with their own pricing laws, are not tied to any other currencies and are completely independent of external influences. However, practice quickly showed that serious entrepreneurs are not ready to transfer their funds to those assets that are not predicted by classical methods. That is why independent specialists from Tether began developing a fundamentally new solution.
The so-called stableblocks have completely revolutionized the digital economy. The new foreign exchange instrument made an impression with a combination of a new pricing mechanism and the classic advantages of digital assets. By the fundamental difference from cryptocurrencies, we mean the pegging of the coin rate to the US dollar. Thus, one Tether is always worth 1 US dollar. And the value of the coin cannot change. Hence, in essence, we get a digitized dollar. With a stable exchange rate, but the key advantages of cryptocurrencies. That is, with decentralization, privacy and autonomy. This combination makes stablecoins a unique currency instrument that has no analogues in the modern world.
Why is coin so popular?
The point is that Tether is very convenient for everyday use. After all, if you use cryptocurrencies, then you know that their rates are constantly changing. Consequently, your savings can both rise and fall in value. This will never happen with Tether. $ 500 in Tether is the same $ 500, but with the advantages of digital currencies. This is why many companies are gradually acquiring USDT in order to reallocate their capital. This is a great solution if you need to keep your savings in a convenient digital form. Tether is trusted by many companies. Cooperation with well-known enterprises provides such a huge capitalization. Tether has become the progenitor of many stablecoins.
Today these assets are in demand and popular all over the world. But Tether is still the main stablecoin in the market. The coin is constantly evolving, improving its own safety and speed of operation. And we have no doubt that the $ 50 billion mark is just the beginning of the amazing journey that Tether will have to go along with the rest of the stablecoins.
These instruments are already becoming the basis for many government foreign exchange assets. And this is a new round in the evolution of digital coins, which begins today. Right before our eyes. The main thing is to follow the news of the cryptoindustry. To stay up to date with the latest events in the world of Blockchain and advanced technologies, follow the latest news with us. We publish only high-quality, interesting material. Thanks for attention. Good luck!