- Tether announced its major development in 3 weeks.
- USDT remains as one of the top three cryptos in CoinGecko.
- USDT market cap amounts to over $78 billion.
Stablecoin Tether (USDT) shook the crypto world after its CTO announced on Twitter (NYSE:TWTR) about its major development. The tweet post stated that the Tether network would release this historical development in three weeks’ time. The post did not specify what kind of advancement the network is creating. However, its community is hoping that it will bring 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 months, it is remembered that Tether faced left and right challenges in the industry. The network’s issues mostly focused on its fund reserves and how it spent its network’s funds. These issues spread like wildfire in the crypto world and even caught the attention of authorities around the world. As a result, there is a time in history when Tether is banned from doing business in New York.
The tweet gathered different opinions across the Twitter community. Some are not easily convinced while the others are just waiting for it to happen. Furthermore, the tweet post was already retweeted over 179 times with more than 1800 like that continuing to increase over time.
On the other hand, despite the negative news that the network faced in the past months. The crypto remains to be one famous digital asset in the market. It is one of the most traded pairings where traders can use different technology such as TRC20, SOLANA, and BEP20 to prevent high transaction fees.
At the time of writing, USDT remains one of the top 3 cryptos in Coingecko. It has a market cap amounting to more than $78 billion.