Analysis Spotlight Tether (USDT) Overview

Not all stablecoins are equally valuable: Tether (USDT)’s network effects and relative stability make it the stablecoin of choice for investors of all sizes. USDT’s deep liquidity on centralized and decentralized exchanges, network integrations, and issuer operations all contribute to minimizing volatility and maintaining a 1:1 peg with reserves. USDT’s distribution and utility across networks has allowed it to gain and sustain market share, providing value beyond holding a stable peg. Benefitting from being a first-mover and its experience in the cryptocurrency industry, USDT stands as a highly performant, widely distributed, and interoperable stablecoin for saving and exchanging value on-chain.