ARES is already available. Tether’ market cap surpassed $50B

Ares is launching its native token’s IDO today. A total of 7,300,000 ARESs are for sale for a price of $0.03. Investors can buy the tokens on Poolz & DuckStarter platforms from April 26, 2021, to April 27, 2021.

Ares is an on-chain verifying oracle protocol. Polkadot powers its platform. Ares provides reliable off-chain data to its users in an efficient and trustless manner. Furthermore, this platform is built on Substrate. It’s constructed as a parachain, aiming to link to Polkadot’s ecology and share its security consensus. Ares is essentially a scalable oracle network offering various decentralized data services to the Polkadot ecosystem, as well as its parachains.

 Tether’s market cap crossed $50 billion. What does that mean for the token?

Tether token’s market cap has surpassed $50 billion, garnering analysts’ attention. Tether Operations Limited is the blockchain-enabled platform, and it powers the largest stablecoin by market capitalization.

USDt is a faster and cheaper form of money. It is also a very liquid, stable, and trusted stablecoin. Tether eclipsed major blue-chip stocks such as Kraft Heinz and Ford Motor thanks to its exponential growth. Its market capitalization has grown by more than a factor of ten during the past 12 months.

Furthermore, the tetherisation of trading is gathering pace. Spot exchanges are denominating more and more trading pairs in USDt instead of bitcoin. People are also increasing use USDt in payments and remittances. This token is playing a pivotal role as a liquidity provider in decentralized finance. According to the latest data, Tether’s daily trading volume currently exceeds USD140 billion.

Paolo Ardoino, CTO at Tether, stated that surpassing a market cap of USD50 billion is an especially important milestone for Tether. When the team first launched this stablecoin, they could not have dreamt that it would have soared so exponentially.

USDt’s presence in the payments and e-commerce space is also growing. In many use cases, USDt plays the role of a superior medium of exchange. It can offer lower transaction fees than wire transfers of fiat currency.