At the end of May, the capitalization of the stablecoin Tether (USDT) reached a yearly maximum. The market supply of this fiat-backed digital asset exceeded $83 billion.
Kaiko analysts found that capital is pouring into USDT amid the crisis that has hit USDC and BUSD.
In June, Tether’s capitalization set a record, reaching $83.36 billion, as evidenced by Glaassnode data.
