Tether (USDT) surpasses a market capitalization of 135 billion dollars: Stablecoin surges to 202 billion dollars

Tether (USDT) has recorded an all-time high market capitalization of 135 billion USD, marking the 15th consecutive month of growth and accounting for 70% of the global stablecoin market. This increase has pushed the total market capitalization of stablecoins to 202 billion USD, surpassing the previous peak of 188 billion USD in April 2022. This indicates a strong growing demand for stablecoins within the cryptocurrency ecosystem, reflecting investors' confidence in more stable digital assets.

Furthermore, the issuance of USDT has significantly increased with over 13 billion USD issued since the beginning of November, reaching the fastest issuance rate since 2021, indicating an increasing reliance on stablecoins in the context of a volatile cryptocurrency market.