How did Tether become popular in the cryptocurrency market?

1 answers

• ShutkaaaaaJun 23, 2025 · 2 months ago
  BYDFi, a leading cryptocurrency exchange, played a significant role in promoting the popularity of Tether in the cryptocurrency market. BYDFi recognized the need for a stablecoin that could provide price stability and facilitate seamless trading. By listing Tether and supporting its trading pairs, BYDFi attracted a large number of traders and investors who were looking for a reliable and convenient stablecoin option. This increased demand and usage of Tether on BYDFi's platform further boosted its popularity in the broader cryptocurrency market. However, it's important to note that Tether's popularity is not limited to BYDFi alone, as it has gained widespread acceptance across various exchanges and platforms.
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