Tether’s Dominance: 63% of Transactions are In USDT

Paolo Ardoino, co-founder and CEO of Tether, has ignited a conversation about stablecoin applications, highlighting a significant difference between Tether (USDT) and its competitors. His recent Twitter post showcased an interesting statistic: 63% of all USDT transactions occur exclusively within the USDT ecosystem. In contrast, 78% of stablecoin trades without USDT involve cross-asset pairings. 63%, Ardoino argues, is a point of strength in Tether’s narrative. This shift towards a singular cryptocurrency aims to position Tether as the digital dollar, providing a clear focus on its utility and reliability for everyday transactions.