- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Tether’s market cap rises $5 billion in 30 days.
- USDT now holds 61.2% stablecoin market share.
Paolo Ardoino, CEO of Tether, announced on the X platform that USDT’s market capitalization increased by $5 billion over the last 30 days.
This surge reinforces Tether’s dominance in the stablecoin sector with a market share of 61.2%, amidst fierce competition.
Tether’s Market Cap Jumps by $5 Billion in a Month
Paolo Ardoino’s message on X highlighted Tether’s growing influence. In the last 30 days, USDT experienced a substantial $5 billion market cap increase. This growth results in a current total of $153.1 billion USDt in circulation, reinforcing Tether’s leadership position within the stablecoin sector. USDT’s 61.2% market share significantly impacts its competitors, demonstrating its stronghold in the stablecoin arena.
Industry experts suggest USDT’s dominance might limit opportunities for rivals like USDC and DAI. Increased liquidity due to USDT’s rise may lead to higher activity across exchanges and DeFi ecosystems. Paolo Ardoino emphasized this growth aligns with Tether’s mission to enlarge its presence and capability, including exploring innovations in decentralized finance and content.
“Our commitment to growing the USDT ecosystem, with innovation in AI, energy, and Web3 as pillars of Tether’s 2025 roadmap.” – Paolo Ardoino, CEO, Tether
Regulatory Scrutiny Likely as Tether Dominates 61.2% Share
Did you know? The last major bull run also saw stablecoin market caps like USDT breaking records, often driving significant trading activity across global exchanges.
Tether USDt, reflected by recent data from CoinMarketCap, maintains a steady price of $1.00, supported by a market cap of $153.15 billion. The stablecoin’s 24-hour trading volume saw a decline of 40.45%, resting at $53.57 billion. Price movements in the last 90 days registered a 5.27% increase, signifying steady growth.
Experts from the Coincu research team propose that Tether’s expanding market cap might urge regulatory bodies to scrutinize stablecoins more intensely. The company’s focus on decentralization and AI signals potential shifts in technological applications, fostering broader adoption beyond traditional finance sectors.
Source: https://coincu.com/340996-tether-market-cap-soars/