USDT’s market share has increased by nearly 15% year-to-date

Tether’s stablecoin (USDT) market cap hit $81.5 billion on Thursday,

The highest since the Terra crash in May 2022.

It is now $2 billion short of the asset's all-time high of $83.4 billion set on May 1 last year.

According to Tether’s chief technology officer, more than $1 billion in USDT was minted on Thursday, but has not yet entered circulation.