Tether, the company that issues USDT was always a target of various FUDs (Fear, Uncertainty and Doubt) across it's existence and yeah, It got my last cycle as well as many of us.
But the time passed by and they are the most profitable company per worker that exists nowadays. Tether surpasses top banks of the US in revenue as well.
Crunching the Numbers:
USDT supply are 118bi of witch 20bi on exchanges, and they made a huge market share of 75, after a lot of other Stablecoins trying to dethrone them.. Does anyone remembers UST and BUSD ? They're out of the market and buried.
One another incredible metric is that they made 400 million dollars in revenue past 30 days!
Regarding USDT safety, well.. They're not the cherished USDC from Circle that is in the 'inner circle of US money markets', so they made their protection by loading up with US Treasuries, up to 90.87 Bn ..
Just to inform everyone, the US Gov always helps Banks that have a high % of T-bills in their treasury.. Buying uncle Sam's papers will always enhance their chances of being respected.
I hope you enjoyed the summary and I hope USDT have a long live.. even though I'm NOT fond of Centralized Stablecoins.
So YES, It's Safer than EVER !
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