Tether (USDT) is the largest stablecoin in the world, serving as a critical bridge between traditional finance and the crypto economy.
What makes Tether unique
Launched in 2014, Tether was the first stablecoin to peg its value 1:1 to the US dollar, offering crypto users a way to store value without the volatility of other digital assets.
Its primary role is to provide liquidity, stability and fast transferability across exchanges and DeFi protocols.
USDT’s dominance in crypto markets
USDT dominates the stablecoin market with a supply exceeding $100 billion across multiple blockchains such as Ethereum, Tron, Solana and BNB Chain.
It is the most traded cryptocurrency by volume globally, often surpassing Bitcoin in daily transactions due to its use in:
- Cross-border settlements
- On-chain arbitrage
- Exchange trading pairs
- DeFi and staking platforms
Questions and transparency around reserves
Despite its utility, Tether has faced scrutiny regarding the transparency of its reserves. The company claims full backing by cash, equivalents and short-term securities, and now regularly publishes attestation reports from independent auditors.
This effort aims to maintain user confidence and regulatory acceptance in key markets.
Tether remains the dominant stablecoin and a backbone of crypto liquidity. Its speed, stability and massive adoption have made it indispensable for traders, institutions and protocols across the blockchain ecosystem.
Sources: CoinMarketCap, Tether.io, Kaiko, Reuters, Bloomberg
