1. Price and Market Cap:
* Peg Stability: As a stablecoin, USDT continues to maintain its peg to the US dollar, with its price hovering very close to $1.00 USD. Slight fluctuations (e.g., $1.000231) are normal for stablecoins.
* Market Cap: USDT's market capitalization remains substantial, currently around $151.62 billion USD. It consistently ranks as one of the top cryptocurrencies by market cap, often at #3 after Bitcoin and Ethereum.
* Trading Volume: USDT continues to see high trading volume, with 24-hour figures ranging around $80-$87 billion USD. This indicates its widespread use for trading pairs and liquidity across exchanges.
2. Key Developments and News:
* TRON Dominance: A significant ongoing trend is the continued growth of USDT on the TRON blockchain. The total amount of USDT in circulation on TRON recently surpassed $75 billion, making it the largest platform for USDT issuance. TRON's popularity for USDT is attributed to its low transaction fees, fast settlement times, and broad usage in cross-border payments.
