According to PANews, Tether's CEO Paolo Ardoino announced on the X platform that the market capitalization of USDT has surpassed $172 billion, marking a new record. Data from Coingecko indicates that the current market cap of USDT stands at $172,020,028,458, with a 24-hour trading volume of $54,165,468,335. The total market capitalization of stablecoins across the network has reached $296.956 billion.