According to BlockBeats, Tether, the issuer of the stablecoin USDT, has seen its total market value exceed that of Boeing. As of May 4, Tether's market capitalization reached $110.78 billion, surpassing Boeing's total market value of $110.37 billion. This significant achievement places Tether at the 148th position in the global asset market value ranking.
Tether's rise in market value is indicative of the growing influence and acceptance of digital currencies in the global financial market. Stablecoins like USDT play a crucial role in the cryptocurrency market, providing a stable value amidst the highly volatile nature of other cryptocurrencies.
Boeing, on the other hand, is a well-established multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The fact that a cryptocurrency company like Tether could surpass such a traditional and long-standing company in market value is a testament to the rapid growth and potential of the digital currency market.