Tether's circulating market cap surpasses $84 billion despite quiet crypto market

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Tether's (USDT) circulating market capitalization surged past $84 billion this week with the top stablecoin holding above the mark on Wednesday. The r

Tether's circulating market cap exceeded $84 billion this week, marking a record high. Despite the Bitcoin spot ETF-induced rally calming down, the stablecoin market remains steady. In December, Tether will welcome new CEO who supports audits for the largest stablecoin player. ise came following positive sentiments caused by the anticipation of a Bitcoin spot ETF.

In an interview with Bloomberg, Ardoino has expressed Tether's intention to commence real-time publication of its reserve data from next year. In another interview with CNBC, Ardoino voiced support for undergoing a full audit process. He also stressed that the absence of audits for stablecoins, including Tether , is not attributable to a lack of willingness on the part of issuers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines