🪙 Tether USDT poised to hit $100 billion market cap following a surge in global usage
Tether’s USDT stablecoin is on the verge of a significant milestone, with its market capitalization nearing $100 billion.
CryptoSlate’s data show that the digital asset currently boasts a market capitalization of $99.5 billion, representing a 9% growth on the year-to-date metric.
This surge follows the recent minting of 1 billion USDT by the Tether Treasury. On Mar. 3, Whale Alert reported this significant activity, with the Tether Treasury creating an additional 1 billion USDT, valued at approximately $999 million.
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