The most popular stablecoin by volume, Tether, is used on a variety of different blockchains. We examine a snapshot of data showing Tether transaction volume across different blockchains. Our findings show substantial differences between blockchains, with activity understandably being concentrated on networks where transaction costs are low.

While Tether Truthers (fringe conspiracy theorists with theories about Tether ranging from somewhat plausible to completely deranged) have been around for years, their predictive abilities have thus far been shown to have been lacking.