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- Tether is not only the largest stablecoin in existence today, but it also has the highest trade volume.
- Tether’s total worth is 39% more than the sum of BUSD, UST, MIM, and FRAX.
- According to coingecko.com’s high stable coin by market capitalization data, there will be around 78.2 billion tethers (USDT) in circulation by December 30, 2021.
According to research, the stablecoin Tether, hit a market valuation of around $78.2 billion this week. Tether’s market worth has increased by 5.6 percent in the previous 30 days, and stablecoin now accounts for 46 percent of the $168.3 billion stablecoin ecosystems.
According to Tether Restricted’s transparency report, which was published on the tether.to a web platform, there are $78.5 billion in assets under management. According to metrics, Tether now represents 3.35 percent of the $2.33 trillion crypto financial system and 46 percent of the $168.3 billion stablecoin financial sectors.
Tether has shown a stunning 17,327,227% increase in six years
Tether has grown immensely during the course of its existence. For example, on September 13, 2015, the market capitalization of Tether was $451,600, and the increase to $78.2 billion is a stunning 17,327,227 percent increase in just over six years. USDT Coin is the lone stablecoin with a comparable market capitalization, with $42.1 billion, up 9.7 percent since last month.USDT accounts for around 52.68 percent of the $2.33 trillion market cap, or little more than half the amount of Tether’s share price.
Tether’s market value
Tether’s total worth is 39% more than the sum of BUSD, UST, MIM, and FRAX. Tether is not only the largest stablecoin in existence today, issued across many blockchains, but it also has the highest trade volume. With $52.8 billion in USDT trades today, Tether’s 24-hour volume exceeds BTC’s daily volume. On Thursday, Bitcoin had less than half that volume, with $25.5 billion.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
