{"id":209933,"date":"2021-03-24T20:15:00","date_gmt":"2021-03-24T17:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tether-market-cap-surpasses-40b-growing-10x-over-12-months\/"},"modified":"2021-03-24T20:15:00","modified_gmt":"2021-03-24T17:15:00","slug":"tether-market-cap-surpasses-40b-growing-10x-over-12-months","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tether-market-cap-surpasses-40b-growing-10x-over-12-months\/","title":{"rendered":"# Tether market cap surpasses $40B, growing 10x over 12 months"},"content":{"rendered":"<p>&#8220;<strong># Tether market cap surpasses $40B, growing 10x over 12 months  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvMWYyYTZmZWItNGQxNC00MjM5LWI3NWMtNTdhZWU4NjA4YWEzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Tether (USDT), the world\u2019s most liquid stablecoin, surpassed $40 billion in market capitalization on Wednesday, highlighting the rapid growth of cryptocurrency investing over the past year.\u00a0<\/p>\n<p>At its highest point Wednesday, Tether\u2019s market cap reached $40.1 billion, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/tether\">according<\/a> to CoinGecko, making it the fourth-largest digital asset behind Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB).<\/p>\n<p>In terms of stablecoin rankings, Tether is four times larger than the USD Coin (USDC), which has a market cap of around $10 billion. USDT dominance is currently around 67%, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/messari.io\/\">according<\/a> to Messari.<\/p>\n<p>Tether\u2019s market capitalization has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Tether_to\/status\/1374732637349281792?s=20\">grown<\/a> by a factor of ten over the past 12 months, reflecting remarkable growth in the cryptocurrency market. The total crypto market cap surpassed $1 trillion in January for the first time before hitting $1.8 trillion earlier this month.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tether has just surpassed a $40B market cap! <\/p>\n<p>In March 2020, Tether\u2019s market cap was $4 billion! Since then, we\u2019ve seen 900% growth in only one year! \u200d<\/p>\n<p>Stay up to date on our official Telegram channel \u2b07\ufe0f<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/137b5oOauU\">https:\/\/t.co\/137b5oOauU<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/DTZ0aO8Cm0\">pic.twitter.com\/DTZ0aO8Cm0<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Tether_to\/status\/1374732637349281792?ref_src=twsrc%5Etfw\">March 24, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>USDT is considered a bellwether stablecoin because its supply reflects the market\u2019s demand for cryptocurrencies. USDT is the quote currency for cryptocurrencies on several major exchanges, including Bitfinex, which has one of the most liquid BTC markets in the world. <\/p>\n<p>Still, the stablecoin has been subject to intense scrutiny in the past over allegations that it\u2019s only loosely pegged to the U.S. dollar. Its ties to Bitfinex, a leading cryptocurrency exchange, have also made USDT the subject of intense scrutiny. <\/p>\n<p>Much of the fear, uncertainty and doubt was laid to rest earlier last month after Bitfinex and Tether settled with the Office of the New York Attorney <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> in a case against Tether. The companies were ordered to pay $18.5 million as part of a settlement and agree to report their reserves each quarter for the next two years.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/tether-market-cap-surpasses-40b-growing-10x-over-12-months\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Tether market cap surpasses $40B, growing 10x over 12 months &#8221; Tether (USDT), the world\u2019s most liquid stablecoin, surpassed $40 billion in market capitalization on Wednesday, highlighting the rapid growth of cryptocurrency investing over the past year.\u00a0 At its highest point Wednesday, Tether\u2019s market cap reached $40.1 billion, according to CoinGecko, making it the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":209934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvMWYyYTZmZWItNGQxNC00MjM5LWI3NWMtNTdhZWU4NjA4YWEzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74881,74863,73785,36041],"class_list":["post-209933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitfinex","tag-cryptocurrencies","tag-markets","tag-tether"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/209933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=209933"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/209933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/209934"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=209933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=209933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=209933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}