A deep dive into Tether’s USDT, covering adoption, utility, and key risk dynamics

<div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F488e4909-2860-4b3d-a1df-eddb99893e94_1600x840.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/993ae21cfdee8a3b9a5cb6407abb6530.jpg" alt=""></source></picture><div><div><div></div><div></div></div></div></div></a></figure></div><p><em>Get the best data-driven crypto insights and analysis every week:</em></p><p><a href="https://coinmetrics.substack.com/subscribe?" rel="nofollow"><span>Subscribe now</span></a></p><h1><strong>Tether (USDT) Analyst Report</strong></h1><p><em>By: <a href="https://x.com/HCDuschang" rel="nofollow">Cooper Duschang</a> &amp; <a href="https://coinmetrics.io/" rel="nofollow">The Coin Metrics Team</a></em></p><h3><strong>Introduction</strong></h3><p>When markets are volatile, selecting the right stablecoin is key to preserving value. Differences in stablecoin issuance processes, reserve investments, and distribution strategies all shape a stablecoin’s adoption and utility. While some are more tailored to regulated, onshore markets, USDT has become the stablecoin of choice in emerging markets, where liquidity, accessibility, and strong network effects matter most. </p><p>With 154B in total supply (68% market share) and monthly transfer volumes approaching $800B, USDT is well integrated across the spectrum of stablecoin use-cases, serving as a tool to store and exchange value on-chain, while extending global access to the U.S. Dollar. </p><p>In this issue of Coin Metrics’ <em>State of the Network</em>, we release our <a href="https://coinmetrics.io/special-insights/analyst-spotlight-tether-overview/" rel="nofollow">overview report on Tether (USDT)</a>, diving into its adoption, utility, and risk dynamics, building on our <a href="https://coinmetrics.io/special-insights/" rel="nofollow">previous spotlights</a> into Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).</p><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff1f01036-31a5-4f9f-835a-c5bec68a627e_1864x590.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/1062a9b71a3feabed2a1f754d71c1e0f.jpg" alt=""></source></picture><div><div><div></div><div></div></div></div></div></a></figure></div><p><em><a href="https://coinmetrics.io/special-insights/analyst-spotlight-tether-overview/" rel="nofollow">Source: Tether (USDT) Overview Report</a></em></p><h4>Key Takeaways from the Report:</h4><p><strong>Enhancing Cross-Border Payments</strong></p><ul><li><p>Fast, low-cost transactions make USDT a compelling solution for remittances, especially on networks like Tron. These efficiencies reduce reliance on traditional payment rails, while consistent 1:1 redemption maintains access to U.S. dollar value, particularly in emerging markets where access to dollars is limited.</p></li></ul><p><strong>Accessibility &amp; Deep Liquidity</strong></p><ul><li><p>USDT is widely accessible across both centralized and decentralized platforms. Large amounts can be acquired via AMMs optimized for stablecoin swaps or through deep CEX spot markets. This accessibility has driven rapid adoption and integration across blockchain applications.</p></li></ul><p><strong>Institutional Transactions Adoption</strong></p><ul><li><p>USDT’s peg stability has increased its appeal as a preferred tokenized dollar for institutions seeking yield opportunities or simplifying payment processes, highlighting that USDT is used well beyond just retail participants.</p></li></ul><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0bc48cea-6777-406a-9cf3-e372ddc38688_1200x630.jpeg" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/39af2daf9d4d480b0f6b148a7f0dfd2a.jpg" alt=""></source></picture><div><div><div></div><div></div></div></div></div></a></figure></div><p><a href="https://coinmetrics.io/special-insights/analyst-spotlight-tether-overview/" rel="nofollow"><span>Download the Report</span></a></p><p>To complement this report, we also made a <a href="https://charts.coinmetrics.io/dashboard?id=10534" rel="nofollow">Tether (USDT) Overview dashboard</a> using our <a href="https://coinmetrics.io/company-news/coin-metrics-introduces-new-dashboard-application/" rel="nofollow">new dashboard application</a>. The dashboard visualizes USDT’s supply growth, market share, adoption trends, network activity and more. </p><p><a href="https://charts.coinmetrics.io/dashboard?id=10534" rel="nofollow"><span>Explore the Dashboard</span></a></p><h2><strong>Network Data Insights</strong></h2><h3><strong>Summary Highlights</strong></h3><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7bbb1ae6-c88f-4889-be9f-4fd7f3e2d3de_2000x1274.jpeg" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/6d710046d38e8fbcf21df93c97f51f1a.jpg" alt=""></source></picture><div><div><div></div><div></div></div></div></div></a></figure></div><p><em><a href="https://coinmetrics.io/network-data-pro/" rel="nofollow">Source: Coin Metrics Network Data Pro </a></em></p><p>Daily transaction activity across major Layer-1 blockchains has seen notable shifts lately. Solana’s (non-vote) transaction count has increased 1.7x over the past year, most recently reaching ~99M. This week, Ethereum surpassed Ripple in transaction count, while Avalanche’s C-Chain has more than doubled its transaction activity since the start of June. Meanwhile, Bitcoin has seen a decline, with daily transactions falling from 502K in May to 314K.</p><h2><strong>Coin Metrics Updates</strong></h2><ul><li><p>We’re excited to announce the launch of our new and improved dashboard application! To explore the tool, check out our <a href="https://coinmetrics.io/company-news/coin-metrics-introduces-new-dashboard-application/" rel="nofollow">release announcement</a> and <a href="https://charts.coinmetrics.io/dashboard?id=10534" rel="nofollow">Tether (USDT) Overview dashboard</a>.</p></li><li><p>Follow Coin Metrics’ <em><a href="https://coinmetrics.io/insights/state-of-the-market/" rel="nofollow">State of the Market</a></em> newsletter which contextualizes the week’s crypto market movements with concise commentary, rich visuals, and timely data.</p></li></ul><p>As always, if you have any feedback or requests please <a href="https://share.hsforms.com/1bm3MKj0CStaf0dfUnLDqWw34tym" rel="nofollow">let us know here</a>.</p><h2><strong>Subscribe and Past Issues</strong></h2><p>Coin Metrics’ State of the Network, is an unbiased, weekly view of the crypto market informed by our own network (on-chain) and market data.</p><p>If you'd like to get State of the Network in your inbox, please subscribe <a href="https://coinmetrics.substack.com/" rel="nofollow">here</a>. You can see previous issues of State of the Network <a href="https://coinmetrics.substack.com/archive" rel="nofollow">here</a>.</p><h6>© 2025 Coin Metrics Inc. All rights reserved. Redistribution is not permitted without consent. This newsletter does not constitute investment advice and is for informational purposes only and you should not make an investment decision on the basis of this information. The newsletter is provided “as is” and Coin Metrics will not be liable for any loss or damage resulting from information obtained from the newsletter.</h6>

Analyst Spotlight Tether (USDT) Overview

테더 USDT(USDT)의 심층 분석: 채택, 유용성 및 주요 위험 동향

<div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F488e4909-2860-4b3d-a1df-eddb99893e94_1600x840.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/993ae21cfdee8a3b9a5cb6407abb6530.jpg" alt=""></source></picture><div><div><div></div><div></div></div></div></div></a></figure></div><p><em>매주 최고의 데이터 기반 암호화폐 인사이트와 분석을 받아보세요:</em></p><p><a href="https://coinmetrics.substack.com/subscribe?" rel="nofollow"><span>지금 구독하기</span></a></p><h1><strong>테더(USDT) 분석 보고서</strong></h1><p><em>작성자: <a href="https://x.com/HCDuschang" rel="nofollow">쿠퍼 두샹</a> & <a href="https://coinmetrics.io/" rel="nofollow">코인 메트릭스 팀</a></em></p><h3><strong>소개</strong></h3><p>시장이 변동성이 심할 때, 적절한 스테이블코인 선택은 가치 보존의 핵심입니다. 스테이블코인의 발행 프로세스, 준비금 투자, 배포 전략의 차이는 해당 스테이블코인의 채택과 유용성을 형성합니다. 일부는 규제된 국내 시장에 더 적합하지만, USDT는 유동성, 접근성, 강력한 네트워크 효과가 가장 중요한 신흥 시장에서 선호되는 스테이블코인이 되었습니다.</p><p>총 공급량 1,540억 달러(68% 시장 점유율)와 월간 이체 규모가 약 800억 달러에 달하는 USDT는 온체인 가치 저장 및 교환 도구로서 다양한 스테이블코인 사용 사례에 잘 통합되어 있으며, 미국 달러에 대한 글로벌 접근성을 확장하고 있습니다.</p><p>코인 메트릭스의 이번 <em>네트워크 현황</em> 호에서는 비트코인(BTC), 이더리움(ETH), 솔라나(SOL)에 대한 이전 심층 분석에 이어 테더(USDT)에 대한 <a href="https://coinmetrics.io/special-insights/analyst-spotlight-tether-overview/" rel="nofollow">개요 보고서</a>를 공개하며, 그 채택, 유용성, 위험 역학을 자세히 살펴보겠습니다.</p>

[전체 번역은 동일한 방식으로 계속됩니다. 주요 용어들은 앞서 지정된 번역 규칙에 따라 번역되었습니다.]

분석가 스포트라이트 테더(Tether) (테더 USDT(USDT)) 개요

시장 분석에 따르면 11월 21일 이후 일별 RSI가 50 중간선 아래에 머물러 있습니다. 현재 일별 RSI를 관찰하고 있는 상황에서 50 중간선을 돌파할 가능성이 보입니다.
핵심 관점:
-
상승 신호: RSI가 50 중간선을 성공적으로 돌파하면 롱(Long) 좋은 기회가 될 것입니다.
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이중 공명: 현재 위치에서 50일 지지선을 돌파하면 일봉 하락 이동평균선 또한 필연적으로 돌파하게 됩니다.
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추세 반전: 이중 돌파는 거래량의 반전과 추세의 돌파를 모두 의미하며, 기술적 관점에서 매우 중요한 신호입니다.

거래 신호 | BTC 스레드

CoinFound와 ME News는 공동으로 주간 스테이블코인 보고서를 발행하여 지난주 스테이블코인 시장의 주요 정보를 검토했습니다.
기사 작성자 및 출처: ME News
(1) 전반적인 시장 상황
- 총 시총: 3,203억 8천만 달러로, 지난주(3,221억 8천만 달러) 대비 0.5% 시총 했습니다.
- 거래량: 1조 8600억 달러 (7일 기준 +30.57%)
- 활성 주소: 1,858만 개 (7일 전 대비 -0.16%)
- 보유자 수: 2억 4,346만 명 (7D +0....)

CoinFound 스테이블코인 주간 보고서(12월 22일): USDT 지배 하에서 규제 및 제도적 통합이 병행되고 있습니다.

마켓 업데이트는 독자들에게 최신 시장 보고서와 주요 디지털 자산 데이터를 제공하는 것을 목표로 합니다.

작성자: 0xArthur
출처: ME News 대부분의 암호화폐 시장 부문이 상승했으며, NFT 부문은 지난 24시간 동안 8.92% 상승했습니다. NFT 부문 내에서는 Audiera(BEAT)가 63.88% 급등했고, Pudgy Penguins(PENGU)와 APENFT(NFT)는 각각 0.63%와 2.56% 상승했습니다. 또한 비트코인(BTC)은 1.05% 상승하며 89,000달러를 돌파했고, 이더리움...