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Tether’s leading stablecoin, USDT, has reached an unprecedented market capitalization of $100 billion, marking a 9% year-to-date growth. This achievement solidifies its position as the largest stablecoin, surpassing competitors like USD Coin (USDC).

 

 

 

On March 4, USDT briefly hit the $100 billion mark, reflecting fluctuations in market capitalization tied to current prices and circulating supply, as reported by CoinGecko. Notably, this places Tether over $71 billion ahead of its closest stablecoin rival, USDC, issued by Circle, which has also experienced growth this year. While Tether has achieved this milestone on platforms like CoinGecko, other sources, including CoinMarketCap, have yet to confirm the stablecoin’s market cap breaching the $100 billion threshold.

 

 

 

Comparatively, Tether’s market cap now positions it in proximity to major entities like the British oil and gas giant BP and slightly surpasses the e-commerce powerhouse Shopify. Functioning as a cryptocurrency pegged to the value of the United States dollar across 14 blockchains and protocols, Tether holds the status of being the third-largest cryptocurrency by market capitalization, following Ether (ETH). It has evolved into a pivotal asset for crypto traders seeking stability within the blockchain space.

 

 

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