Tether stablecoin market capitalization hit a new all-time high

Tether stablecoin market capitalization hit a new all-time high

The stablecoin Tether broke all-time highs. This was announced by the company in its company on its website, stating that the stablecoin It exceeded $83.2 billion in market capitalization, a figure reached a year ago, despite the fall in this type of tokens.

“Today’s numbers show that people want access to financial freedom, and when they are given that access, they will use it. Tether tokens offer a safe harbor for the unbanked and allow people in emerging markets to maintain their purchasing power, even when their national currency is devaluing. Paolo Ardoino, Tether CTO.

The company executive has indicated that the resistance of the ‘stablecoin’ and its “transparency” of the company “has shown that it can be trusted and customers are responding in the same way.” “We look forward to continuing our laser focus on emerging markets and will not let up in our quest to expand access to financial freedom around the world.“, has added.



The company also boasts of its position as “Pre-eminent and pioneering ‘stablecoin’”. “Since its inception in October 2014, Tether’s USDT stablecoin became the most traded cryptocurrency, outpacing all rival offerings combined. Tether combines the advantages of digital currency, such as instant global transactions, with the stability of traditional currency.

Likewise, Tether underlines that the performance of the company in the first quarter has been “remarkable”, posting a net profit of 1.480 million dollarswhich has “significantly” strengthened its reserves.

Recently, Tether has announced that it will allocate up to 15% of its monthly profits to buy bitcoin as part of an investment strategy aimed at strengthening and deversifying its reserve portfolio. It will also install a 100% renewable BTC mining center in Uruguay.

How to buy Tether USDT from Argentina and why it is convenient

In the country, there are several platforms that offer the stablecoin Tether (USDT). Some of them are Bitso, Lemon, Binance, Satoshi among others.

But before you can buy Tether (USDT), you have to open an account on any of these exchanges and verify your identity. You then select to purchase the Tether stablecoin via a transfer made to the account.

USDT is a cryptocurrency that is anchored to the value of the dollar and maintains its stable value, which is why it is widely used in times of high volatility in the crypto world. The reasoning is simple: if the price of an asset is falling or could fall, moving that value into USDT is a good idea as we will be able to sustain it and not have to deal with volatility.

In countries with a local currency other than the dollar, USDT is a good option to acquire the US currency without dealing with possible controls, stocks, etc. In addition, the dollar tends to rise in price with respect to these currencies, so it is an interesting bet for the future.

Source: Ambito

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