Tether overtakes Tron, DEXs with $432M in revenue - How and what next?

Apart from offering exposure to cryptocurrency customers, stablecoins are expanding their application with integration into payments by major tech companies.

That way, issuers like and Circle are advancing their scope following huge revenues and greater adoption.

Revenue generation and record stablecoin transfers

Source: Token Terminal

Source: Token Terminal

At the same time, Tethers Lending Collateral Custody wallet moved an equivalent of 200 BTC valued at $20.88 million to Binance. In fact, after Bitcoin reached $100K again, this wallet withdrew 1,650 BTC, which got here to a complete value of $174.7 million.

The rise in Bitcoin deposits by Tether fits with the companys strategy to make use of market trends and keep its top position in transactions.

Tether to launch ‘Stable’ blockchain

Meanwhile, Bitfinex and USDT0—Tethers Layer Zero-powered USDT—are backing Stable, a new project preparing for launch.

Tethers CEO, Paolo Ardoino, is involved as an advisor.

Unlike most stablecoin platforms, Stable targets businesses rather than retail users and uses USDT as its gas token.

Since USDT plays a key role in Stables transaction technology, the project could help integrate stablecoins into business operations.

This could potentially drive the growth of stablecoins-supported blockchain networks.

Source: X

Although the developers of Stable chose to stay hidden, the team was made up of engineers in blockchain, entrepreneurs in finance, and cryptocurrency experts.