USDT has reached a $83.2 billion market capitalization, recovering all the losses since the implosion of blockchain project Terra more than a year ago.

Stablecoin issuer Tether’s USDT has regained its previous all-time high market capitalization despite a shrinking stablecoin market.

USDT reached an $83.2 billion market capitalization on Thursday, the company reported, equaling its previous peak little more than a year ago.

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