🚀 Tether's USDT reaches $100 billion market cap milestone! 🎉
- USDT, the most popular stablecoin, briefly hit a $100 billion market cap for the first time in its history, according to CoinGecko data.
- The stablecoin has added $2 billion to its supply over the past week, benefiting from the crypto trading frenzy driving Bitcoin closer to a record high.
- USDT serves as a bridge between traditional money and blockchain-based markets, providing liquidity for trading, lending, transfers, and savings.
- Despite concerns about Tether's stability and reserve management, USDT's share of the $140 billion stablecoin market is now over 70%.
What are your thoughts on USDT's growth and its role in the crypto ecosystem? Share your opinions in the comments below! 👇