USDT, the backbone of cryptocurrencies?

Throughout the years cryptos rise and bust, high volatility is the inherent attribute of crypto. Most price movement is driven by speculations from different types of investors. Among all cryptos, the tether USDT has been the most special crypto. Basically, it's the equivalent of US dollar, the main application of which is to act as USD to perform fiat function for transactions in which USD is restricted.

The market cap of UST as shown on the chart is gradually climbing. That's quite encouraging in that USDT, one of the several mainstream crypto, has been accepted and distributed in the real world business operation. As of now, floating market value of USDT has reached 4 billion USD and it continues swelling as tether company issume new batches of USDT every once in a while.

The supposition is that with UDST support, bitcoin has a such a high market cap and is wide recognized by the radical investment community.