According to the official release, while USDC generally dominates De-Fi, Tether believes that its concentrated exposure to U.S. banking risks undermines its own decentralized commitment. In light of these recent risks, Tether believes that USDT is an ideal tool for unbanked and emerging markets to use De-Fi without facing friction and volatility.
It is reported that USDT has integrated 13 widely used blockchain networks, and developers can access USDT in various environments; USDT can be seamlessly transferred from the De-Fi ecosystem to exchanges, providing users with deep usability on the trading platforms they want to access.
In addition, Tether was the first to issue proof of reserves when other companies concealed their reserve information; Tether helped USDT users recover their funds when hackers attacked. Tether plans to continue to support the industry, users, emerging markets, and De-Fi protocols.
