Chapter five —— Stablecoins

Coin Metrics released a review on the state of the network, the data showed that 2022 was a record year for payments in stablecoins on the network. The amount of transactions in stablecoins amounted to $7.4 trillion.

Instead of desiring and aspiring to become a pure CBDC, Tether realizes that the future of USDt and XAUt are more and more directed towards supporting communities around the world that have been ignored and forgotten by the finance industry. Nothing else matters.

Tether is committed to serving people in emerging markets globally.

Tether and INHOPE have announced a collaboration to eliminate CSAM (child sexual abuse material) related payments on the network.

BUSD turned volatile in the wake of regulatory action against its issuer Paxos Trust Co. The decline in BUSD/USDT pair on Binance suggests some traders are moving money into tether.

Tether will continue to fight for financial freedom and support projects and organizations which advance global freedom and financial inclusion in the emerging markets.

The Wall Street Journal published an article on February 10, according to which a large Wall Street firm, Cantor Fitzgerald, will manage the reserves of Tether invested in US T-bills.

Stablecoins Statistics: Everything you need to know from types of stablecoins, total market cap to transaction volumes, regulations and emerging models.

This swap is to ensure that assets in SAFU continue to protect users in the long term as the BUSD market capitalization continues to decrease over time.

From the centralized stablecoins represented by $USDT and $USDC, to the over-collateralized stablecoins dominated by $DAI and $FRAX, to the rise and fall of $UST, the stablecoin world is constantly evolving. In this report, we'd like to show the current status and look into the future of stablecoins.