Press Release

Tether Tokens (USDt) Market Cap Surges Above US$30 Billion

Tether Tokens (USDt) Market Cap Surges Above US$30 Billion

British Virgin Islands, February 9, 2021 – Tether Operations Limited, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, has today announced that Tether tokens (USDt) have surpassed US$30 billion.

As the most stable, liquid, and innovative stablecoin, USDt is pre-eminent. USDt performs a pivotal role within the digital token ecosystem, with many digital token spot exchanges now denominating pairs in USDt rather than bitcoin (BTC). USDt is also increasingly being used in remittances and innovative projects in the digital token ecosystem, including those in the nascent space of decentralized finance (DeFi).

“Tether’s growth to US$30B shows just how far the digital token space has come,” said Paolo Ardoino, CTO at Tether. “It is becoming clearer that our community of traders and developers like using crypto’s most liquid, stable, and popular stablecoin. Tether plays an important role in our flourishing ecosystem.”

USDt works across a diversity of different blockchains, including Algorand, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, and Tron. Tether is driven to support and empower growing ventures and innovation in the blockchain space.

About Tether

Tether is the preeminent stablecoin with the biggest market capitalization, surpassing that of all rival offerings combined. Created in October 2014, Tether has grown to become the most traded cryptocurrency. Tether is disrupting the legacy financial system by offering a more modern approach to money. By introducing fiat currency-digital cash to the bitcoin, Ethereum, EOS, Liquid Network, Omni, Tron and Algorand blockchains, Tether makes a significant contribution to a more connected ecosystem. Tether combines digital currency benefits, such as instant global transactions, with traditional currency benefits, such as price stability. With a commitment to transparency and compliance, Tether is a fast and low-cost way to transact with money.

Media Contact for Tether:

Joe Morgan

Senior Public Relations Manager

Tech Junkie is a small word for Vikas Kaushik. Whether the latest game on the market or a new gadget launch he is the go-to person. He drives his motivation from the fast-paced technological advancements. He ensures that the right news reaches niche audiences. An avid biker and movie buff he has deep-rooted faith in upcoming technological inventions and is a torchbearer for the tech revolution.

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