Cointime

Cointime

Download App
iOS & Android
Home / Data

Tether's USDT Reaches All-Time High Market Capitalization Despite Shrinking Stablecoin Market

Despite a shrinking stablecoin market, Tether's USDT has regained its previous all-time high market capitalization, reaching $83.2 billion on Thursday. This milestone is significant as it runs counter to a 14-month stablecoin market decline.

Tether has greatly benefited from the recent woes of its closest rivals, USDC and BUSD. While Tether has been criticized for lack of transparency about its reserve assets, stablecoin holders have flocked to USDT during this turbulent period due to its perceived safety from U.S. regulators and banks.

USDT's growing use for payments predominantly in the developing world also contributes to its market cap surge.

Tether USDt Tether USDt $1.00
-0.05%
Tether USDT
Comments

All Comments

Recommended for you

  • German parliament passes Financial Market Digitalization Act

    According to a report by Ledger Insights, the German parliament (Bundestag) has passed the "Financial Market Digitalization Act" (Finanzmarktdigitalisierungsgesetz or FinmadiG) this week. The parliament responded to industry demands to ensure legislation is in place before MiCAR comes into full effect on December 30th.

  • Data: Yesterday, the US spot Bitcoin ETF had a net inflow of US$373 million

    According to Trader T's monitoring, the net inflow of US spot Bitcoin ETF was $373 million yesterday.

  • BTC breaks through $101,500

    the market shows that BTC has broken through $101,500 and is currently trading at $101,510.91, with a 24-hour increase of 6.15%. The market is volatile, so please be prepared for risk control.

  • The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%

     the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%.

  • U.S. stocks open, most crypto stocks open lower

     the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back.

  • BTC breaks through $98,500

    market shows BTC breaking through $98,500 and is now trading at $98,501.24, with a 24-hour increase of 0.84%. The market is volatile, so please be prepared for risk control.

  • Cardano's ADA Hits Highest Level Since May 2022 as Bitcoin Nears $100K and Capital Rotates into Alternative Cryptocurrencies

    Cardano's ADA has reached its highest level since May 2022, with evidence of significant participation from large traders in the on-chain activity. As Bitcoin approaches the $100,000 mark for the first time, capital is shifting towards alternative cryptocurrencies, generating excitement in the wider crypto market. Additionally, Bitcoin has broken a new record above $98,000, and there are reports that former US President Donald Trump is considering appointing a "Crypto Czar" and a crypto lawyer for SEC Chair. BlackRock's IBIT options launch has also contributed to Bitcoin's new ATH.

  • BCH breaks through $500

    market shows BCH has surpassed $500, currently trading at $521, with a daily increase of over 20%. The market is volatile, please be prepared for risk control.

  • Bitwise Bitcoin ETF's holdings exceed $4 billion

    Bitwise's official data update shows that as of November 20th, the BITB Bitcoin exchange-traded fund's position has reached 42,451.73 BTC, with a market value exceeding 4 billion USD, currently reaching 4,003,716,971.36 USD.

  • BTC breaks through $98,000

    market shows BTC has broken through $98,000 and is now trading at $98,001, with a 24-hour increase of 5.09%. The market is highly volatile, so please be cautious and control your risks.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company