Tether market cap surpasses $40B, growing 10x over 12 months

Tether market cap surpasses $40B, growing 10x over 12 months

The market’s leading stablecoin, USDT, reached another major milestone as crypto demand continues to grow. Tether (USDT), the world’s most liquid stablecoin, surpassed $40 billion in market capitalization on Wednesday, highlighting the rapid growth of cryptocurrency investing over the past year. At its highest point Wednesday, Tether’s market cap reached $40.1 billion, according to CoinGecko, making it the fourth-largest digital asset behind Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB).In terms of stablecoin rankings, Tether is four times larger than the USD Coin (USDC), which has....


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