📍USDT reaches a new peak: hitting the $160B market cap

📌 The largest stablecoin in the market, USDT, has just hit a market cap of $160 billion, marking a new historical record in the journey of expanding global liquidity.

📌 Since the beginning of 2024, USDT has increased by over $30B, despite the volatile market context — highlighting the growing role of stablecoins in the global financial system, especially in emerging markets, CEX exchanges, OTC operations, and yield farming activities.

📌 Meanwhile, USDC and other stablecoins are still 'playing catch-up', with no signs of closing the gap to Tether's dominant position.

💭 With this momentum, it is not excluded that USDT will continue to be the largest 'liquidity siphon', especially if the GENIUS Act is passed and stablecoins become an official treasury tool of the U.S.