Tether’s USDt Stablecoin Surpasses $160 Billion Market Cap
Tether’s USDt stablecoin has reached a significant milestone, surpassing a $160 billion market capitalization. This achievement reinforces its role as the leading digital dollar, particularly in emerging markets. Paolo Ardoino, CEO of Tether, reports that over 400 million people worldwide use USDt, with 35 million new wallets added each quarter.
Blockchain Distribution and Reserves
The Tron blockchain hosts the majority of USDt supply, with $81 billion, while Ethereum holds $65 billion. USDt’s stability is backed by cash and short-term US Treasuries, ensuring reliability for users globally.
Market Growth and Strategic Focus
Tether recently minted an additional $1 billion in USDt, prioritizing platforms that offer scalability and developer support. The stablecoin market’s rapid expansion, now exceeding the combined transaction volumes of Visa and Mastercard, highlights its critical role in the digital economy.
