Tether's USDT Market Cap Surpasses $140 Billion, Reaches New High

According to Odaily, Tether's USDT, a prominent dollar-pegged stablecoin, has achieved a significant milestone by surpassing a market capitalization of $140 billion. The latest figures indicate that the market cap stands at $140,063,045,980, marking a new record high for the stablecoin. This development underscores the growing demand and adoption of stablecoins in the cryptocurrency market, as they provide a stable alternative to the volatile nature of other digital assets. In addition to the market cap achievement, USDT has also seen substantial trading activity over the past 24 hours. The trading volume for USDT reached $113,035,541,694, highlighting its role as a key player in the cryptocurrency trading ecosystem. The high trading volume reflects the stablecoin's widespread use in various transactions, including trading, remittances, and as a store of value. Tether's USDT continues to be a preferred choice for traders and investors seeking stability amidst the fluctuating prices of other cryptocurrencies.