Altcoins News
By Maheen Hernandez
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Tether tweeted: "Sometimes we wonder whether we are dreaming because the growth has been incredible" Tether has just surpassed the $50B market cap milestone, but what's next?
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Paolo in a recent interview with Cryptonomist stated, there have been three significant events which have contributed to this milestone.
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The first reason relates to sorting out the problems with NYAG, where it has been proved that USDT have full backing of all the dollars and therefore proving increased level of…
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Being one of the founding members of USDC, Coinbase saw in Tether an increase in transparency and further there was improved interest from market makers and therefore Coinbase…
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As far as exchanges and traders are concerned, USDT is the most widely used stablecoins according to exchanges and traders who are concerned.
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Tether on TRON has no fees and therefore it is getting possible for USDT to reach out to more people than when they were on Ethereum.
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He stated, “The same thing applies to traders because if they want to participate in a project with $100, they definitely don’t want to pay 30% in fees.”
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This he stated is also the reason behind why, they have added Solana, even though it’s a more centralized blockchain when compared to Ethereum as it has much lower fees too.
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As USDT is heading towards blockchain, Paolo stated that they need more efficient blockchains. Efficient blockchains support Tether.
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Also, he stated that they are working on a debit card. They are looking to come up with mobile solutions for retailers, where they will be able to accept Tether.
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