The largest stablecoin by market capitalization has gotten even larger, with Tether hitting a record $100 billion market cap.
Crypto stablecoin Tether (USDT) has crossed an all-time high market capitalization of $100 billion, posting a 9% year-to-date growth and furthering the gap between its next-largest rival, USD Coin (USDC).
USDT momentarily hit its $100 billion milestone on March 4 as the market capitalization fluctuates based on the current price and circulating supply, according to data from CoinGecko.
It’s over $71 billion ahead in market cap compared to its closest stablecoin rival, USDC, issued by Circle, which has also seen its market cap grow this year.
