Tether Reaches Historic Figure of $150 Billion and Drives the Crypto Bull Wave.
The leading dollar-pegged currency by market value, Tether USD (USDT), has achieved an unparalleled milestone in its circulating token volume, surpassing the impressive mark of 150 billion units. This monumental achievement not only consolidates its hegemonic position but also signals a highly optimistic indication for Bitcoin (BTC) and the vibrant universe of cryptocurrencies.
As a direct consequence, its global valuation also rose to an unprecedented peak, standing at a colossal 150 billion dollars (USD), a predictable fact given that this stablecoin faithfully replicates the value of the U.S. greenback.
The new historical peak of USDT's market capitalization comes amidst a scenario where the total valuation of the cryptocurrency market has experienced sustained expansion over the past month. This valuation has far exceeded 3.2 trillion dollars, approaching the maximum cap of 3.7 trillion dollars reached at the end of the previous year. This Tether record acts as a key indicator of the growing confidence and increasing capital flowing into this financial space.
