Coinspeaker
Tether’s USDT Stablecoin Tops $100B Valuation for First Time
The world’s largest crypto stablecoin Tether (USDT) has achieved a historic milestone by surpassing a market capitalization of $100 billion. This marks a 9% increase year-to-date, widening the gap between itself and its closest competitor USD Coin (USDC).
On March 4, USDT briefly reached the $100 billion milestone, with its market capitalization fluctuating based on the current price and circulating supply, as reported by CoinGecko.
USDT’s market cap now exceeds that of USDC by over $71 billion. Thus, circle’s USDC stablecoin which has also experienced growth in its market cap this year, still lags significantly behind USDT. The data sources from CoinMarketCap, however, show that Tether’s USDT stablecoin valuation is at $99.583 billion.
Tether’s market capitalization currently rivals that of the British oil and gas giant BP, while it slightly surpasses the e-commerce behemoth Shopify. Furt
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