An analysis of the value transferred in Tether

The aggregate supply of stablecoins recently crossed the $10 billion mark for the first time. Demand for digital dollar alternatives has been soaring in 2020, with the total supply of stablecoins surging 79% since the beginning of February.

The same week that the total value of stablecoins crossed $10 billion, Visa CEO Alfred Kelly publicly acknowledged that digital currency backed by fiat is a real emerging payment technology – and one that's additive to the payment ecosystem.