Tether has gained prominence because it serves multiple critical functions in cryptocurrency trading
https://newznav.com/the-tether-boom-...-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.