The total market value of USDT exceeds 75 billion dollars

2023-03-16 17:25:35

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ChainCatcher news, the total market capitalization of the stablecoin USDT has surpassed 75 billion USD, currently at 75.36 billion USD.

There are views that the main reason for the surge in Tether's market value is the collapse of Silicon Valley Bank, which prompted investors to move funds from USDC to USDT. Currently, Circle's stablecoin USDC has a market capitalization of 36.8 billion USD; Paxos-issued BUSD has a market capitalization of 8.25 billion USD; and MakerDAO's stablecoin DAI has a market capitalization of 5.73 billion USD. (source link)

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