Tether (USDT) becomes the leading stablecoin in the world’s emerging markets
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It’s official: Tether (USDT) is the leading stablecoin in emerging markets around the world. Tether has partnered with ATM companies to make USDT available at more than 24,000 ATMs in Brazil as of November 2022. For its part, Brazil has seen record registrations from Brazilian companies holding USDT, the most popular cryptocurrency in the country. Tether (USDT) establishes its position as the leading stablecoin: all the details As anticipated, Tether (USDT) is now the leading stablecoin in emerging markets globally. Indeed, other than Brazil, people turn to Tether in Lebanon when they need to buy groceries. At the same time,
USDT, also known as Tether, has become an integral part of cryptocurrency markets since its launch in 2014. Pegged 1:1 to the US dollar, it is the most widely used stablecoin with a market capitalization of over $83 billion as of October 2023. But it is also controversial, with opaque…