Tether’s $5.25 bn Surge Sparks Speculation
Tether (USDT), the leading stablecoin in the crypto ecosystem, has increased its market capitalization by over $5.25 billion since March, indicating a positive trend in market liquidity.
This is a baseline for Bitcoin and other altcoins, and is higher than the ETF’s asset under management growth.
Tether’s market capitalization is now $104 billion, up from $98.65 billion at the start of the month. CEO Howard Lutnick has backed the company, and it has played a significant role in bolstering the crypto market’s trading integrity. Tether Holdings is now focusing on becoming a Bitcoin mining entity and developer.
(With inputs from Shikha Singh)
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