Tether Reaching $10 Billion in Capitalization

Tether Reaching $10 Billion in Capitalization 750 361 Crypto Rand Group
Tether Billion

Against all odds, Tether ‘s USDT has established itself as the main stable corner of the cryptos market. For the first time in its history, it has just surpassed a valuation of 10 billion dollars.

The USDT is definitely doing very well. At the beginning of June, Tether stablecoin even had the luxury of overtaking Ripple’s XRP in terms of total capitalization, becoming the third most valued crypto behind Bitcoin and Ethereum.

Today, it is another symbolic record that the stablecoin backed by the US dollar has just broken. The total value of USDT in circulation has now reached $10.3 billion!

Total capitalization of USDT in circulation (in billions of dollars) – Source: messari.io

To give an idea of the USDT’s predominant position on the competition, its main rival, Circle USDC, has not yet quite reached $1 billion in capitalization, i.e. 10 times less.

In green, the capitalization of Tether (USDT)

The controversies surrounding the USDT – suspicions of Bitcoin’s price manipulation – have never really been part of its use. In fact, stablecoin has never even been used as much as it is today.

The controversies surrounding the USDT – suspicions of Bitcoin’s price manipulation – have never really been part of its use. In fact, stablecoin has never even been used as much as it is today.

The USDT has made itself a must for traders/investors to stabilize their gains in cryptomoney and protect themselves from market downturns. Next objective: flippening with Ethereum to take second place?

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