Stablecoins Are Stealing Tether’s Thunder, But-Spoiler Alert-they’re Not Just an Earning Money Plant

Crypto Sweet Success

Once upon a not-so-distant future, a very research-y study by Coingecko waltzed into our lives. And guess who reigned supreme? Tether, of course! Sashaying through the crypto scene, Tether bagged $5.2 billion, which is basically the moon when you compare it to the rest of the revenue pool. Not bad for just stopping currencies from whizzing around like a manic squirrel with ADHD, huh?

Crypto Bulls Rejoice? (Maybe)

The usual method of stopping these things – central banks tightening their purse strings – is, according to Mattsby, being thwarted by a delightful mess of debt, fragmented financial systems, and a remarkable appetite for spending money on things that require a great deal of money. Data centers, he specifically mentions. One can almost smell the silicon burning through excess liquidity. It’s a terribly modern tragedy, isn’t it?