Stablecoin Tether (USDT) caused a stir in the crypto world when its CTO announced on Twitter that it was going to make a big change. The tweet said that the Tether network would make this historic move in three weeks. The post did not say what kind of progress the network was making. If it works as planned, however, its community hopes that it will take Tether to a whole new level.
Yesterday was an historical moment for #tether
In ~3 weeks you'll understand why 🍫
(Yes yes, announcement-ception)
— Paolo Ardoino (@paoloardoino) February 11, 2022
In the past few months, it has been remembered that Tether had problems on both sides of the business world. The network had a lot of problems with its fund reserves and how it spent the money it got from its network. People in the crypto world talked about these problems like they were going out of style. Even governments around the world were interested in what was going on. So, there is a time in history when Tether can’t do business in New York.
The tweet got a lot of different responses from people on Twitter. Those who aren’t easily persuaded aren’t the only ones who aren’t interested. Because of this, the tweet was shared more than 180 times, and that number is going to keep growing over time.
On the other hand, even though the network has had bad news in the last few months. The crypto is still one of the most well-known digital assets in the market. There are many ways for traders to avoid paying high transaction fees when they trade this type of currency. For example, they can use technology like TRC20, SOLANA, and BEP20 to avoid paying a lot.
It is still one of the top three cryptos in Coingecko at the time of this writing. It has a value of more than $78 billion in the stock market.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.