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USDT breaks market capitalization record

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01.06.2023

Popular stablecoin Tether USD reached a new historical maximum. Its market capitalization exceeded $83.2 billion. The previous record capitalization of the asset was fixed in May 2022.

Since the beginning of this year, the market capitalization of USDT has increased by about 20%. The asset continues to dominate the stablcoin space.

Tether CEO Paolo Ardoinho noted that the company will continue to develop “a strong, sustainable and powerful financial, communications and energy ecosystem.”

As a reminder, our cryptocurrency exchange service eezy.cash provides an opportunity to make exchanges of USDT and other crypto-assets all over the world.

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