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According to the latest data by Messari, Tether, the company behind the first stablecoin, is rocketing towards a significant $70B Market Cap in the $135.8 billion stablecoin market.
As the global crypto industry grapples with a burgeoning trust deficit, Tether continues to be one of the most transparent and trustworthy names to consistently wear the crown of the ‘’world’s most traded digital asset.”
Tether’s success has always been contingent on USD₮ being backed by extremely liquid, conservative reserves. During a year when many crypto companies experienced massive headwinds, Tether has continued to improve its reserves in line with market conditions. Find out more in Tether’s latest blog post that delves into the Evolution of Its Reserves.
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