Tether’s USDT hits an all-time high market capitalization of $83.2 billion, restoring losses incurred after the collapse of the blockchain project, Terra.
This milestone comes despite a 14-month downturn in the stablecoin market, with USDT leveraging its stability amidst its rivals’ struggles.
In a defiant stride against the retreating stablecoin market, Tether’s USDT stablecoin has remarkably managed to recover its apex market capitalization. As of Thursday, USDT has marked an impressive $83.2 billion market cap, a value it last held just over a year ago, thereby recuperating the substantial $18 billion lost in the wake of Terra’s blockchain project disintegration and the subsequent market downturn in May 2022.
The ascension of Tether’s USDT is particularly noteworthy given that it contrasts the general trend of a 14-month downturn in the $129 billion stablecoin market, a crucial component in the world of blockchain-based finance. Stablecoins act as an important conduit, lin

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