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Chaintimes 2021-05-01 13:19:52

Stablecoin Tether surpasses $50 billion in circulation.

According to the Bloomberg report, Tether (USDT), a cryptocurrency backed by fiat currency, surpassed $50 billion in circulation, a sum that’s more than the insured deposits at all but 44 of the thousands of U.S. banks. It’s a remarkable milestone for a token that enjoys wide use as a method of payment in the crypto […]Read full post Stablecoin Tether surpasses $50 billion in circulation. on Chaintimes.com.

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