Tether (USDT) is consolidating its hold on the stablecoin market with massive expansion into Latin America. In a significant move, the stablecoin giant made inroads into Bolivia in October 2024 when Banco BISA, a banking giant, secured custody services for Tether . Now, Tether is gaining traction among retail users. USDT Now Accepted in Bolivia as Inflation Drives Adoption Notably, Bolivian merchants are now listing goods prices directly in USDT, suggesting the stablecoin’s payment acceptance. This marks Tether’s shift from speculative investment to everyday practical use. The development is practical for users in a Latin American country where fiat currency volatility and the high inflation rate are challenging. The stablecoin offers better predictability and provides a stable digital alternative. Tether’s decision to allow local merchants to price goods in USDT could boost consumer confidence and enable stablecoin to gain traction as a medium of exchange. Consumers could easily adapt, see it as the new normal, and embrace it for convenience. Tether’s USDT could help lower the losses incurred from inflation and currency devaluation by positioning itself as both a transactional currency and a store of value. This might serve as a catalyst to its adoption by consumers outside of crypto. Tether’s Market Cap Surges to $154.85B Amid Valuation Speculation As per CoinMarketCap data , USDT is the leading stablecoin with a market cap of $154.85 billion, with high liquidity and trust in the crypto industry. Its expansionary move could further grow its value to a higher level, given that in the last quarter of 2024, its market cap was just about $120 billion . Meanwhile, Jon Ma, a fintech analyst, has provided insights into Tether’s valuation should the stablecoin giant decide to go public. According to Ma, Tether could be worth approximately 515 billion based on its massive unrealized gains from Bitcoin and gold reserves. With an assumed public valuation of $515 billion, Tether could become one of the top 20 largest companies globally. Paolo Ardoino Downplays IPO Necessity Interestingly, Paolo Ardoino, Tether’s CEO, referred to the projections as potentially conservative. This suggests that the figures could rank higher if Tether decides to go public. However, Ardoino maintains there is no need for the stablecoin giant to go public via an initial public offering (IPO). Unlike Circle, which has officially filed for an IPO , Tether appears determined to maintain its current private ownership structure. The post Tether’s USDT Gains Traction in LATAM as IPO Valuation Buzz Grows appeared first on TheCoinrise.com .
