CoinGecko market data shows that the market capitalization of USDT has surpassed 129 billion dollars, currently reaching 129,088,741,824 dollars, continuing to set new highs, with a trading volume of 63,843,813,541 dollars in the past 24 hours.

Data also shows that USDT has increased by about 9 billion dollars since Trump won the US presidential election (November 6).

Today's news states that Trump has nominated hawkish figure Howard Lutnick as Secretary of Commerce, whose company Cantor Fitzgerald has been the reserve custodian for the stablecoin Tether, managing over half of the reserves backing Tether.