Tether (USDT) Surges to Record Market Cap, Creating Billionaires
TL;DR Summary
Tether (USDT) has reached a new all-time high in market capitalization, nearing $84 billion, after generating $1.5 billion in net profits in Q1 of 2023. The circulating supply of USDT has increased by almost 30% this year. Meanwhile, competitor USD Coin (USDC) has struggled since the collapse of Silicon Valley Bank (SVB) in March, with volumes and supply decreasing significantly.
- Tether (USDT) Hits New All-Time High in Market Cap After Printing $1,500,000,000 in Net Profit: IntoTheBlock The Daily Hodl
- USDC Dips to 2-Year Low as USDT Dominates Stablecoin Market BeInCrypto
- How To Get Rich In Crypto: Four Tether Executives Are Now Billionaires Forbes
- USDT’s marketcap reaches new all time high and this is why it’s important AMBCrypto News
- Tether (USDT) Market Cap Reaches New Peak, Edges Toward $84 Billion Mark NewsBTC
- View Full Coverage on Google News
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