Crypto stablecoin Tether (USDT) achieves historic milestone, surpassing $100 billion market cap, marking a 9% year-to-date growth, solidifying dominance over USD Coin (USDC). Tether briefly hits $100 billion mark on March 4, showcasing resilience amid fluctuations. Data suggests Tether’s lead over USDC. Tether’s market cap rivals major corporations, functions across 14 blockchains. Concerns arise over asset quality backing USDT, Tether pledges to reduce loans by 2024 amidst associations with cyber fraud.
Tether Surpasses $100 Billion Market Cap, Solidifies Dominance in Stablecoin Market
by Crypto Oasis | Mar 4, 2024 | Industrial | 0 comments