Tether (USDT) is world's largest stable crypto currency
Recently Tether just topped $30 billion dollar in marketcap as interest for bitcoin kept on growing
The marketcap of tether was raising from the start of the year and grown over 50%
The dollar pegged stablecoin has been historically favoured by OTC traders for its stable nature
As bitcoin price reached new highs this year multiple time people used tether to cash out the profit using tether
As of January 2021 the stable coins marketcap was around $20 billion soared to $30 billion dollars as bitcoin price reached $40,000
The popularity has been driven mostly by big investors who prefer to complete trades using over the counter (OTC) method
Despite all the popularity tether is on the wrong side of regulators as it links its roots with bitfinex
Bitfinex was accused of market manipulation in the past and currently embroiled in legal battle with state of new york
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