Tether (USDT) has reached an all-time high in market capitalization.
According to Bitcoin.com on the 17th (local time), Tether’s market cap has reached $140 billion, capturing 67% of the entire stablecoin market. Compared to December 16 of last year, Tether’s market cap has increased by approximately $50 billion.
Bitcoin.com evaluated that “despite the competition in the stablecoin market, Tether has established itself as the most traded stablecoin.” Meanwhile, Ethereum (ETH) accounts for 54.94% of the total Tether supply, leading in USDT issuance.
