Tether (USDT), the largest stablecoin by market cap, remains a cornerstone of the crypto ecosystem, with a market cap of ~$141 billion as of February 2025. Pegged to the US dollar, USDT provides stability for traders, facilitates cross-border transactions, and powers decentralized finance (DeFi). But what lies ahead for USDT? Here’s a look at its potential future, shaped by opportunities and challenges.