Tether (USDT) Nears $100 bn Market Cap
Tether (USDT) is approaching a $100 billion market cap after adding $10 billion to its valuation over the last three months, according to CoinGecko data.
The stablecoin issuer’s total market cap increased from $84 billion to over $94 billion on January 15th. Tether denies accusations from the UNODC that USDT is frequently used by criminals to launder money and commit fraud in parts of Asia.
The UNODC report suggests bad actors prefer using USDT on the Tron blockchain due to better anonymity, lower fees, and more stability. Tether also continues to accumulate Bitcoin, pushing its reserves to $2.8 billion.
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