- Tether's market cap has reached $140 billion, achieving an all-time high.
- Tether dominates the stablecoin market with a 67% share.
- Ethereum accounts for 54.94% of the total Tether supply, leading in USDT issuance.
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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.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.PiCK News
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