The Currency Analytics
By Steven Anderson
Tether (USDT) Positive Outlook
Paolo Ardoino, CTO at BitFinex expressed that while Tether is breaking all growth records, I love that the entire stablecoin offering is expanding the overall monetary base.
When Eric Wall, a community member asked for clarification stating, The entire stablecoin offering is expanding the overall monetary base Are you referring to CBDCs?
Paolo Ardoino replied, I'm referring to other stablecoins increasing 2x/3x or so since beginning of the year.
Sydney Ifergan, the crypto expert tweeted: “No matter who says what, it cannot be denied that Tether is an important component of the crypto space.”
Some of the community members opine that with improved speed and low cost that Tether would become the normal payment method very soon.
The current opinion is that the people underestimate the impact of stablecoins. Every transaction is replacing a bank transaction and therefore taking away their business.
Pankaj Balani, CEO and Founder of Delta Exchange stated that We have close to $15 Bn worth USDT but that does not look enough either.
He also opined that there is not enough USDT in the system. He also stated that the demand for $USDT has been through the roof and the stablecoin looks set for a huge growth over…
Pankaj stated that the activity has grown at a much faster pace than what the stablecoin supply has been able to keep up with.