Tether-Issued Stablecoin USDT’s Market Dominance Surges as Market Cap Surpasses $118B

Stablecoins,
cryptocurrencies
whose
price
is
meant
to
be
pegged
to
a
real-world
asset
such
as
a
national
currency
or
gold,
are
key
pieces
of
plumbing
for
the
crypto
market,
serving
as
a
bridge
between
fiat
money
and
digital
assets.
They
are
increasingly
popular
for
non-crypto
activities
in
emerging
regions
like
Latin
America
and
Southeast
Asia,
with
uses
ranging
from
saving
in
dollars,
payments
and
cross-border
transactions,
a

fresh
report
by
venture
capital
firm
Castle
Island
and
hedge
fund
Brevan
Howard
Digital
said.