General

# ‘BAM!’ Tether celebrates as USDT market cap passes $20 billion

# ‘BAM!’ Tether celebrates as USDT market cap passes $20 billion

Tether (USDT), the largest cryptocurrency stablecoin, has passed a $20 billion market cap for the first time.

According to data confirmed by the company on Dec. 18, Tether is now a $20 billion asset and the fourth-largest cryptocurrency by market cap.

Tether market cap doubles since September

“Tether has just surpassed a $20B market capitalization!” an official Twitter update reads.

“This fantastic milestone is another confirmation for Tether maintaining its number one spot as the most liquid, stable and trusted currency!”

Tether’s market cap has been increasing at an almost record pace throughout the past quarter, passing $10 billion just three months ago.

“BAM!” CTO Paolo Ardoino responded to the news.

Tether (USDT) market cap year-to-date chart. Source: CoinMarketCap

Regular minting of new tokens has proven controversial in the past, as some researchers claim that it artificially boosts Bitcoin (BTC) price growth instead of merely providing liquidity incentives. Ongoing legal problems for iFinex, owner of both Tether and exchange Bitfinex, have added to suspicions.

Nonetheless, appetite for Tether as the go-to entry and exit point for other cryptocurrencies and DeFi tokens has only accelerated this year, making USDT far and away the stablecoin asset of choice.

If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.

For forums sites go to Forum.BuradaBiliyorum.Com

If you want to read more News articles, you can visit our General category.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Please allow ads on our site

Please consider supporting us by disabling your ad blocker!