Tether, the most used cryptocurrency other than bitcoin
The digital asset is considered the first step that many users use before going to the most popular in the market
The cryptocurrency tether is known as the one that remains and acts in the shadows. However, today it is one of the most used, even above bitcoin.
All this because this asset, also known as the usdt, is one of the financial vehicles that serve to break through in this vast world.
According to data collected by asset management firm NYDIG, since 2019 around 60% of bitcoin transactions go through usdt first.
To this can be added the fact od the rest of the cryptos that are transferred, which helps to intuit why tether has dominated the market since its launch at the end of 2014. Another aspect that favors the cryptocurrency is that it maintains a fixed value or quite close to the US dollar, with a 1 to 1 parity.
Currently, this asset has a capitalization valued at 60,000 million dollars according to the CoinGecko platform.
The company that issues the usdt is committed to keeping in its balance sheet the same number of dollars in reserve as the tether put into circulation.
K. Tovar
Source: El Nacional
