Tether's Market Cap Hits Historic $100 Billion as USDT Leads the Stablecoin Race

Tether's Market Cap Hits Historic $100 Billion as USDT Leads the Stablecoin Race



Today marks a monumental achievement for Tether’s USDT stablecoin as its market capitalization has surpassed the $100 billion threshold, establishing a new record in the digital currency sphere. This milestone makes USDT the pioneer stablecoin to reach such an expansive scale, showcasing a growth exceeding 9% since the year's start. This uptick is primarily attributed to the heightened demand for Bitcoin, which today soared to $66,000, a price not seen since November 2021, solidifying Tether's status as the globe's most traded cryptocurrency.



CoinGecko data indicates that USDT's circulation zenith touched $100.2 billion at around 8:10 a.m. GMT on Monday, though it slightly receded to nearly $99.6 billion later. There was also an instance when the token's value momentarily surpassed the $1 mark. Efforts to elicit responses from T


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Stablecoin, #Tether, #USDT

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