💡 Tether is holding its ground!
The head of Tether stated that exchanges do not intend to exclude USDT for European users. The only exception is Coinbase, which supports the competitor USDC from Circle. But this was not unexpected — it's clearly a play on their own. 🎯
Now to the figures that impress:
📈 $2.5 billion net profit for Tether in the third quarter of 2024!
💰 $7.7 billion for 9 months — this is a new level of play for stablecoins.
It's no surprise that banks also want a piece of this pie. 🍰 They are already developing their own stablecoins for payments and financial services. Competition in the world of stablecoins is intensifying, and there will be few winners.
What do you think, will banks be able to push the crypto giants aside? Or are Tether and its colleagues already too far ahead?