https://wallet.tether.to/transparency
Also USDC is on several chains as well including Stellar.
https://ag.ny.gov/press-release/2021/attorney-general-james-...
> “Bitfinex and Tether recklessly and unlawfully covered-up massive financial losses to keep their scheme going and protect their bottom lines,” said Attorney General James. “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie. These companies obscured the true risk investors faced and were operated by unlicensed and unregulated individuals and entities dealing in the darkest corners of the financial system.
Not sure what that means for anything, but it’s important to remember that what we consider the gold standard today, BTC, ETH, they may be tomorrow’s tin.
Edit: this is one of the reasons I’m optimistic about the future of ethereum. The stablecoins have become so critical for defi that it’s hard to imagine another platform (like polkadot) gaining critical traction needed to overtake it.
I was completely blown away with the design of the Anchor protocol that they just launched
I really hope that project continues its success.
And you can borrow stablecoins for your BTC without selling it.
Given it was successful despite being a cargo cult (the plane landed QED), by symmetry the ability to make money with cryptocurrency doesn’t make it not an economic cargo cult.
(One must do more that this to show that it is a cargo cult, rather than that it is still possible for it to be, which I say despite liking the cargo cult comparison and being generally very against cryptocurrency).
False premise. Some people are making money, but only at the expense of others. There is no value being created here.
Tron is growing ... USDC is multichain as well.
edit: Yeah I remember correctly
https://www.coindesk.com/tron-ethereum-tether-transaction-co...
The irony of most cryptocurrency market cap depending on mostly scam currency TRON is not lost upon me.
https://wallet.tether.to/transparency
Most Tether volume is also on Ethereum, as the article above notes:
>>Notably, the total value of tether transacted on Ethereum is still larger than Tron, signaling that primarily smaller transactors are migrating. Meanwhile, parties executing larger transactions who can presumably afford higher fees seem comfortable continuing to use Ethereum.
The big issue is that there's simply no space on Ethereum for smaller transactions. Hopefully some of this volume will migrate to Ethereum's zkRollups, namely Loopring and zkSync, which increase Ethereum's maximum throughput from 30 to 3,000 ERC20 token transfers per second.
In less PC-ridden times, this would just have been:
"Justin Sun is a bald-faced liar."