How a Tether pronunciation joke became Stable's first memecoin mania It started with Tether Wallet's video joking that "Teh-ther or Tee-ther" was never the point, and CEO Paolo Ardoino (@paoloardoino) quote-posting with a blue dinosaur meme captioned "Fefer." Traders took it from there, turning the gag into $FEFER on @Stable, the USDT-gas chain backed by Bitfinex and Tether affiliates. The token ripped past an $8.8M market cap within a day, peaking near $11M before cooling, and StableScan now shows 5,814 holders across more than 54,000 transfers, with the top wallet holding just 3.66% of supply. For new chains, culture keeps proving to be the fastest onboarding tool in crypto, arriving well before the payment flows these networks were actually built for.