Tether USDT market cap breaks ATH, Binance CEO points at regulatory caps

At a time when USDT has reached its ATH market cap, its competitors such as Circle-issued USD Coin or Binance’s BUSD are struggling to maintain their market dominance. USDC the second largest stablecoin’s market cap stands at $28.8 billion with a difference of over $50 billion. For context, at one point UDC's market dominance was nearing that of USDT and its market cap reached an ATH of $55.8 billion in June 2022.

Similarly for USDC, the major crisis came in the form of the collapse of the Silicon Valley Bank where the. This led to market panic and a subsequent depegging from the U.S. dollar. Although USDC re-pegged the next day it took a significant toll on its market cap as many converted their USDC to other stablecoins in fear of a total crash.

.cz_binance said BUSD, a fully regulated stablecoin, was “capped” by the New York Department of Financial Services (NYDFS) at $23 billion and currently sits at a $5 billion market cap, and since then, USDT has seen tremendous growth.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

USDT Issuer Tether Ventures Into Payment Processing With Georgia Investment$USDT issuer Tether_to said it invested in Georgia-based payment processing firm citypayio as part of a new plan to invest excess profits in infrastructure, technology projects and $BTC purchases. sndr_krisztian reports
출처: CoinDesk - 🏆 291. / 63 더 많은 것을 읽으십시오 »

What Is Tether? The Company Behind USDT | CoinMarketCapTether (USDT) is the OG stablecoin that started it all. This report looks into how that happened: 🔹 Tether’s recent announcement that it is buying Bitcoin. 🔹 Tether’s company structure. 🔹 Tether’s reserves and revenues.
출처: CoinMarketCap - 🏆 290. / 63 더 많은 것을 읽으십시오 »

Tether Expands Presence in Georgia With Investment in Payment Processing CompanyTether's expansion comes as USDT hit a record high of $83 billion market cap.
출처: Crypto_Potato - 🏆 568. / 51 더 많은 것을 읽으십시오 »