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Quick Take Tether's market cap has just hit an all-time high of $83.2 billion. However, according to Kaiko's research, Tether's trade volume is at multi-year lows; this includes both CEXs and DEXs, which had a daily USDT volume of around $7 billion in May.
Binance has successfully integrated Tether with the Arbitrum and Optimism networks. Currently, the USDT withdrawal service is also available.
Specifically, activities include financial literacy tours at universities and a propaganda campaign that involved Yellow Cards brand ambassadors reaching out to individuals in the countries' major cities.
Tether, the issuer of the widely used Tether (USDT) stablecoin, has announced a new all-time high in its market cap, exceeding the previous record of $83.2 billion set in May 2022. Paolo Ardoino, Tether's CTO, attributes this milestone to the increasing demand for financial freedom and the unique advantages offered by Tether tokens.
Tether (USDT), the most popular stablecoin in the crypto market, has reached a new milestone in its market capitalization.
USDT has reached a $83.2 billion market capitalization, recovering all its losses since the implosion of blockchain project Terra more than a year ago.
As of 1 June, USDT reached a significant milestone where its market cap surpassed its previous all-time-high of $83 billion. Furthermore, Tether also announced its plans to start mining BTC.
Tether (USDT), a stablecoin tied to the value of the US dollar, has garnered significant attention in the cryptocurrency space. While stablecoins are designed to provide stability and convenience, concerns have arisen regarding the risks associated with Tether.
Tether (USDT), the stablecoin pegged to the U.S. dollar, has reached an all-time high (ATH) market capitalization exceeding $83 billion, demonstrating its continued market dominance.
While USDT continues to gain market dominance, other stablecoins like BUSD and USDC struggle to sustain their market share.
Tether has surpassed its previous all-time market cap high of $83.2B set in May 2022. Tether's fortunes are pegged on the performance of its first stablecoin, the USDT which is currently the most used stablecoin around the world. Tether has launched several other stablecoins besides the popular USDT, which is pegged to the US dollar.
Tether, the company behind the world's largest stablecoin by market cap USDT, has achieved a remarkable feat by surpassing its previous all-time high market cap of $83.2 billion, which was achieved earlier last month.
On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT's previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT's market value has surged by 27.15% from the low of $65.43 billion reached at the end of November 2022.
Tether has surpassed its previous all-time high market cap of $83.2 billion — a value it lost during the 2022 cryptocurrency crash. "Today's numbers demonstrate that people want access to financial freedom, and when given that access, they will make use of it," Tether CTO Paolo Ardoino said, expressing confidence in the significance of this milestone.
USDT has become the most traded stablecoin, especially after the de-pegging of Circle's USD Coin (USDC) earlier this year.
Tether, the company behind the popular USDT stablecoin, has reached an important milestone by surpassing the previous all-time market capitalization maximum of $83.2 billion, set in May 2022.
Tether, the largest stablecoin, achieves record market cap of $83.2 billion, bouncing back from last year's losses.
The market capitalization of Tether's USDT has surpassed the previous all-time high of $83.2 billion, according to a June 1 statement from the stablecoin issuer. Data from DeFillama showed that around half of USDT's circulating supply, 42.86 billion, is sitting on the Tron blockchain, while 33.37 billion of its supply is on Ethereum.
Tether, the leading stablecoin issuer, has recently made significant strides in the crypto market, reaching new milestones and expanding its presence in Georgia. The company's updates and strategic investments showcase the growth and resilience of Tether amidst a dynamic industry.
The Tether stablecoin has hit a new market cap milestone, surpassing its previous capitalization high of $83.2 billion from last year.
At a time when USDT is touching new market cap highs, the other stablecoins are struggling to keep their market dominance.
Tether (USDT), the most widely adopted stablecoin, has demonstrated an impressive resurgence, surpassing its previous all-time market cap high of $83.2 billion recorded in May 2022. The recovery is not only a testament to Tether's resilience but also showcases the burgeoning demand for financial freedom among users worldwide.
Tether has been on an upward hill run recently. The team has been releasing major updates and announcing notable developments, showcasing the growth of the stablecoin. These include the disclosure of allocating 15% of its profits towards the acquisition of Bitcoin, the introduction of a $1.
Tether, the industry's largest stablecoin, officially achieved a new record in terms of market valuation on June 1.
