🚀 STABLECOIN USDT CONTINUES TO SET NEW CAPITALization RECORD
On December 25, 2023, Tether issued an additional 1 billion USDT, bringing the market capitalization of the world's largest stablecoin to exceed the 91 billion USD mark for the first time, an increase of nearly 38% in just one year.
In addition to setting a new capitalization record, Tether also formed a surplus fund with a value of more than 4 billion USD, which functions as a buffer zone to ensure maintenance of guarantees above 100% for USDT.
The company also allocates a portion of profits to invest in Bitcoin and gold, with values as of September reaching $1.6 billion and $3.1 billion, respectively. Tether also revealed that it will announce more investments and other new products in 2024.
