Tether's USDT Stablecoin Hits New Market Cap Peak of $83.6 Billion
Tether's USDT stablecoin has reached an all-time high in market capitalization, surpassing its previous peak of $83.355 billion in May 2022. USDT is the third-largest cryptocurrency by market capitalization and commands 7.5% of the total cryptocurrency market capitalization. USDC's supply is nearly three times smaller than USDT, and its market capitalization has declined from over $40 billion to $28.8 billion since March.
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Tether's USDT Stablecoin Hits New Market Cap Peak of $83.6 Billion
Tether's USDT stablecoin has reached an all-time high in market capitalization, surpassing its previous peak of $83.355 billion in May 2022. USDT is the third-largest cryptocurrency by market capitalization and commands 7.5% of the total cryptocurrency market capitalization. USDC's supply is nearly three times smaller than USDT, and its market capitalization has declined from over $40 billion to $28.8 billion since March.