Stablecoin Capitalization Reaches Record $191.5 Billion
The total market value of "stablecoins" reached $191.5 billion, updating the ATH after the collapse of Terra's UST in May 2022. This was noted by Bloomberg. The agency noted the increased role of stablecoins in global trade as a tool for cross-border payments.
70% ($133 billion) of the total value is accounted for by Tether. The company seeks to expand the use of USDT by entering new industries, including lending to commodity companies.
