Tether USDT Hits ATH of $135B Market Cap as Stablecoin Market Soars to $202B

The post Tether USDT Hits ATH of $135B Market Cap as Stablecoin Market Soars to $202B appeared first on Coinpedia Fintech News

Tether’s USDT stablecoin has reached an all-time high market cap of $135 billion, marking its 15th straight month of growth and capturing 70% of the stablecoin market. The global stablecoin market also achieved a record $202 billion, surpassing its previous peak of $188 billion in April 2022. Meanwhile, USDC, issued by Circle, grew 12.1% to $38.9 billion, its highest level since February 2023. Meanwhile, Ethena Labs’ USDe surged 42.2%, reaching a record $3.86 billion, fueled by new revenue-sharing mechanisms for ENA token holders. The continued rise in stablecoin usage highlights their growing role in the crypto ecosystem, with Tether leading the charge.