On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT’s market value has surged by 27.15% from the low of $65.43 billion reached at the end of November 2022.
Tether Market Cap Skyrockets to $83.23 Billion, Breaking Previous May 2022 Record
With a market cap of $83.23 billion, tether (USDT) has now surpassed the stablecoin’s prior highest market capitalization. The previous peak in market cap happened just before Terra’s formerly stable coin UST lost its peg on May 9, 2023. On that day, USDT’s market cap stood at $83.2 billion, but by June 1, 2022, it had decreased to $72 billion. Following FTX’s collapse, USDT’s market valuation had dipped to $65.43 billion by the close of November 2022.
Since then, USDT’s market cap has grown in tandem with the number of tether tokens circulating. Over the past six months, the supply of
We współpracy z: https://news.bitcoin.com/tether-surpasses-previous-market-cap-record-reaching-83-23-billion/
