The post Tether Achieves New Milestone with Record-Breaking Market Cap appeared first on Coinpedia Fintech News
Tether has been on an upward hill run recently. The team has been releasing major updates and announcing notable developments, showcasing the growth of the stablecoin.
These include the disclosure of allocating 15% of its profits towards the acquisition of Bitcoin, the introduction of a $1.5 billion BTC reserve, and the decision to commence Bitcoin mining operations in Uruguay. Additionally, the stablecoin issuer announced its strategic investment in a payment processing platform called CityPay.io, which will bolster its presence in Georgia.
Now, in one of the most recent updates, Tether USDT has surpassed its all-time high market cap.
Tether gains back whatever it lost in 2022
Tether USDT stablecoin has successfully regained the market value it lost, which amounted to approximately $20 billion, after the collapse of algorithmic competitor TerraUSD over a year ago.
According
We współpracy z: https://coinpedia.org/news/tether-achieves-new-milestone-with-record-breaking-market-cap/
