LIVE UPDATES
Tether's USDT has reached a market capitalisation of $115 billion, making it the third-largest cryptocurrency and the dominant stablecoin with over 70% market share.
Tether's CEO, Paolo Ardoino, highlighted the significance of this milestone, noting the growing importance of stablecoins in the crypto industry.
USDT is increasingly being used for a wide range of transactions beyond just cryptocurrency trading, serving as an alternative to traditional savings and checking accounts, particularly in emerging markets.
The increasing market capitalisation of Tether reflects the growing trust of global crypto enthusiasts in stablecoins like USDT for their daily transactions due to their stable value.
