Tether’s USDT becomes the first stablecoin to surpass $100 billion in market cap, dominating the stablecoin market.
Tether is innovating with a blockchain recovery tool to ensure USDT’s security and accessibility across multiple platforms.
Tether Holdings’ USDT stablecoin has briefly soared past the $100 billion threshold in both circulation and market capitalization, a new record for stablecoins.
This historic achievement underscores USDT’s dominant position in the market, commanding approximately 70% of the $142 billion stablecoin ecosystem, far outpacing its closest rival, Circle’s USDC, which holds a 19.4% market share.
This polishes off Tether’s previous stellar performance, which saw a massive USDT minting run, flooding the market with 1 billion tokens when BTC price stagnated before its recent great rally, as previously reported by Crypto News Flash.
Stablecoin Market Dominance 
According to recent data from CoinMarketCap, USDT’s market cap reached a zenith of $10

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