News Formal

Tether market cap hits record $119B: What’s driving the surge?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Tether has reached a new all time high in market cap. USDT value hit $119.14 billion after a 40.68% surge over the past year

Over the past year, stablecoins have experienced exponential growth. The stablecoin market cap has recently hit a historical high of $172.151 billion.Amidst stablecoin’s market growth, Tether’s USDT is leading the way recording a sustained growth. In fact, Tether has reached a new all-time high in market cap.As of this writing, Tether’s market cap was $119.14 billion. This marked a 40.68% growth over the past year. During this period, Tether’s market cap has surged from $84.

This suggests that various individuals, institutions, and retail traders prefer USDT over other stablecoins. Such favorability among users has positioned Tether for more growth.Additionally, although the stablecoin market is diverse with multiple coins, USDT has stood out as a trading pairs. This is illustrated by a higher dominance over other stablecoins.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 22. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

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

USDT Surge: Is It Confidence or Market Hedging?The recent surge in USDT and USDC market cap following Bitcoin's price drop has sparked debate about investor sentiment. While some see it as a sign of confidence in a price recovery, others suggest it reflects liquidity demand or market hedging.
출처: CryptoAmb - 🏆 22. / 68 더 많은 것을 읽으십시오 »