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Tether Market Cap Climbs to All-Time High of $83.2B, Even as Stablecoin Market Sinks

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.Tether_to’s USDT stablecoin has reached an $83.2 billion market capitalization, recovering all its losses since the implosion of blockchain project Terra more than a year ago. sndr_krisztian reports

Stablecoin holders, however, have flocked to USDT during this turbulent period due to its perceived safety from U.S.

regulators and banks, propelling its market share to its“Tether’s rise suggests peg stability is far more important for most stablecoin holders than issuer transparency,” Conor Ryder, an analyst at digital asset research firm Kaiko, noted in a

 

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