Tether (USDT) explodes the counters!

The champagne should be flowing at Tether right now. Because in addition to being the issuer of the first stablecoin in the worldthe company displays performance never realized since its creation. Big plan !

Tether realizes a new ATH

Is there currently a company that can boast of being crypto winter victorious exit ? Of course yes, Tether Limited. The recent statistics published about him testify to this victory. Hadn’t this crypto business realized a profit of 1.5 billion dollars in the first quarter of 2023?

Paolo Ardoino is delighted with the performance of Tether – Source: Twitter

It is with great humility that we see Tether $USDT reach its all-time-high, surpassing $83.2 billion. We at Tether.to are strongly committed to building a strong, resilient and powerful financial, communications and energy ecosystem that leverages our cutting-edge technology.

Peer-to-peer communications, bitcoin, stablecoins, renewable energy generation … are all part of our exciting past, present and future history. »

Paolo Ardoino, technical director of Tether, also addressed the subject in the website from the issuer of the stablecoin USDT.

Recent numbers show that people want access to financial freedom, and when given that access, they use it. Tether tokens provide a safe haven for the unbanked and allow people in emerging markets to retain their purchasing power, even when their national currency is devalued. Between our proven resilience in the face of market volatility and our industry-leading transparency practices, Tether has proven to be trusted, and customers respond back.»

A long adventure strewn with crises and successes

Tether started to issue USDT in October 2014. Now that the company is beginning to reap the fruits of these 8 and a half years of effort, it can allow itself to be at the origin:

  • of most traded stablecoin in the world (even the other stablecoins combined cannot compete with it);
  • of a possibility of carry out monetary transactions » fast and inexpensive ;
  • of the development of transparency in the financial sector;
  • of a means for take refuge from market volatility ;
  • etc

With approximately 85% of its investments in cash, cash equivalents and other short-term deposits, as well as a 20% increase in token supply quarter over quarter and 2.5 billion excess reserves (in addition to 100% minimum reserves), Tether has unquestionably established itself as a trustworthy entity with an extremely optimistic year ahead notes the Tether Limited team.

We should also note his commitment to facilitating access to financial freedom in the world. His boost for Uruguay is an example to take into account.

Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss any of the essential Tremplin.io!

Similar Posts