Why has Tether become so widely adopted in trading?

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Why has Tether become so widely adopted in trading?

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Tether has gained prominence because it serves multiple critical functions in cryptocurrency trading https://newznav.com/the-tether-boom-in-the-crypto-world/. Firstly, it acts as a trading pair on most exchanges, enabling easy conversions between cryptocurrencies. Secondly, it functions as a fiat onramp, allowing users to move funds between traditional currencies and crypto quickly. This widespread adoption ensures liquidity and accessibility, making Tether a foundational tool for both individual traders and large-scale crypto businesses.