- Bolivian shops are now showing prices in USDT, because who needs cash when you have crypto trust? 🤷♀️
- Tether is flexing with a $132.97B weekly volume and a whopping 61% market share. 💪
In Bolivia, a subtle yet transformative shift is underway as stablecoins begin redefining how daily transactions take place. Yes, you heard that right! Stablecoins are the new black. 🖤
Shops across the country are now displaying product prices in Tether’s USDT, marking a striking shift in consumer behavior. Forget about haggling; just whip out your digital wallet! 💳
From sunglasses to chocolates like Milka and Cadbury, everyday items now carry digital price tags. Because nothing says “I love you” like a chocolate bar priced in crypto! 🍫💖
Tether CEO Paolo Ardoino appreciates USDT’s success
In a moment of pure CEO wisdom, Tether’s Paolo Ardoino took to X (formerly Twitter) to highlight USDT’s deep integration into everyday financial transactions. Because tweeting is the new board meeting, right? 🐦
The Central Bank of Bolivia reported that some products are now solely priced in USDT, reflecting increasing public confidence in stablecoins during times of economic instability. Who knew crypto could be a safety blanket? 🛌💰
This coincides with the crypto market pushing for a late-week recovery, because nothing says “I’m back” like a market rebound! 📈
According to recent data from Santiment, Ethereum [ETH] leads with over 148 million holders, followed by Bitcoin [BTC] at 55 million. Even memecoin Dogecoin [DOGE] boasts nearly 8 million holders, slightly edging out Tether, which stands at 7.79 million. Who knew memes could be so profitable? 😂
Jon Ma adds on to the fray
Artemis CEO Jon Ma chimed in, stating that while USDC may grow, Tether’s dominance could hold firm depending on broader market dynamics. Because who doesn’t love a good market drama? 🎭
His remarks emphasize the importance of personal due diligence in analyzing stablecoin performance. So, do your homework, kids! 📚
He further added,
“Either way, crazy how profitable Tether is.”
Tether’s dominance in the stablecoin sector remains unshaken, supported by both market utility and strong financial metrics. It’s like the cockroach of the crypto world—unshakeable! 🪳
USDT current dynamics
Meanwhile, in just the first week of June, USDT recorded an impressive $132.97 billion in transaction volume, according to Visa’s on-chain analytics. That’s a lot of digital chocolate! 🍫💵
Artemis’ Jon Ma noted that while Circle’s 2025 EBITDA multiple might compress over time, Tether’s financial resilience remains clear. It’s like Tether is the gym rat of stablecoins—always lifting! 🏋️♂️
Currently holding over 61% of the stablecoin market share, USDT has entrenched itself as crypto’s go-to hedge, offering liquidity, reliability, and widespread trust when it matters most. Because when the going gets tough, the tough get crypto! 💪💰
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2025-06-08 18:21