Tether's Market Cap Soars by Over 35% to $90 Billion in 2023
The significant increase in Tether's market capitalization to $90 billion in 2023, nearing the top 100 global assets, has been witnessed, with a 35.912,812% surge in market cap since its inception in March 16, 2015, from a modest $251,000.
This growth, amounting to over 35% since the start of 2023, has been attributed to a 5.5% increase in the previous month, as indicated by Tether's transparency page, with $47.82 billion on the Tron network and $41.01 billion on Ethereum.
The leading stablecoin's market share now stands at 5.369% of the $1.68 trillion crypto economy and boasts a daily trading volume of $23 billion, primarily involving major fiat currencies like USD, EUR, TRY, MXN, and THB.
Moreover, to secure a position among the world's top 100 assets in terms of market capitalization, USDT will need to exceed $130 billion.
