With USDT still playing a crucial role in both controlled and decentralized finance ecosystems, such an achievement reflects the increased demand for liquidity, stability, and cross-border usefulness in the digital asset field.
Thus far, Ardoino has professed gratitude to the community for this new mind-blowing milestone. Tether’s rapid expansion indicates not only a maturing market but also a growing dependence on stablecoins as essential infrastructure for international cryptocurrency trade.
It is worth noting that the on-chain volume has been steadily rising from about $14.8 billion to $1.1 trillion per month, representing a 7400% growth since 2020. This sharp increase reflects the crucial role of the blockchain as a liquidity backbone in the crypto industry.
There has also been a notable surge in active user count and participation. Ardoino’s post revealed that Tether’s active users have skyrocketed from 2.8 million to 450 million, indicating an over 160x rise since 2020.
Regulations focusing on the relationship between digital assets and traditional finance are currently being developed globally, which may impact the dominance of USDT. This is due to the fact that the stablecoin might be dodging authorities’ requests for openness regarding how it manages its underlying assets.
