Hello!
Today I want to talk about Tether (USDT), because its growth continues to surprise many people. The market cap of USDT has been growing and now is around record levels. Every month new billions are added, and this makes Tether the biggest stablecoin in the world by far. It has passed other stablecoins long ago and now is almost the entire market by itself.
Why is this important? Because USDT is the bridge between traditional money and Bitcoin. Most of the trading pairs on exchanges use USDT, not USD. When people want to buy Bitcoin, very often they first buy Tether. When they want to sell Bitcoin, many times they convert to Tether instead of fiat. It is the lubricant of the crypto economy.
The growth of Tether shows us that demand for crypto trading and Bitcoin exposure is not slowing down. More Tether means more liquidity, and more liquidity usually supports higher prices in the market. It is like fuel. Without USDT, the process to buy Bitcoin would be slower and more complex. With it, you can move instantly 24/7.
See image below of the marketcap evolution, UP ONLY!!
Of course, Tether is not free of critics. Many ask if all the reserves are really there, if the audits are strong, if regulators will push harder. But until now, Tether has survived every attack, every rumor, every storm. Instead of shrinking, it has expanded and dominates the stablecoin sector.
For Bitcoin, the success of Tether is positive. It gives more people and companies an easy way to access BTC without touching the banking system directly. It also allows traders in countries with weak currencies to save value and buy Bitcoin when they want.
If Tether continues to grow, it can push adoption even faster. It shows the world that crypto infrastructure is maturing. And the final winner from all this is Bitcoin, because every road leads back to the hardest money of all.
I hope you have a great day! Enjoy!