Tether's market capitalization is rising virtually at a report stage

Tether's market capitalization is growing almost at a record level

Tether's market capitalization (USDT), a dollar-pegged stablecoin, has risen sharply in recent weeks and may have contributed to the recent (BTC) Rally that drove prices to near all-time highs.

Paolo Ardoino, who serves Bitfinex and Tether as dual CTO, tweeted On Thursday, USDT supply rose 1 billion in nine days, making it the second fastest expansion in its history. The record was set on September 4, 2020 when USDT's circulating supply increased by 1 billion in eight days.

Tether market capitalization of CoinMarketCap

Read on on Coin Telegraph

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