Tether’s USDT Surpasses $115 Billion Market Cap, Solidifying Dominance in Stablecoin Market

Tether’s USDT Surpasses $115 Billion Market Cap, Solidifying Dominance in Stablecoin Market

Tether’s stablecoin, USDT, has reached a significant milestone, with its market capitalization surpassing $115 billion. This achievement, announced in a cryptic X post by Tether’s CEO Paolo Ardoino, underscores USDT’s dominant position in the stablecoin market, where it has maintained a market share of over 70% for nearly a year. In the past week alone, USDT’s market cap increased by over $1 billion, coinciding with Bitcoin’s rebound to a cur...

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