• USDT’s market cap reached a new ATH, leaving TUSD and USDC behind.
• Holders confirmed preference by holding USDT, but a new stablecoin is in town.

Amid regulatory scrutiny and uncertainty surrounding stablecoins, Tether [USDT] has recently achieved a new milestone as its market cap reached an All-Time High (ATH). According to IntoTheBlock, USDT’s market cap reached $83.76 billion.

Realistic or not, here’s USDT’s market cap in USDC terms

This development comes after the world’s largest stablecoin slightly fell from its previous high hit on 1 June.

#USDT market cap just reached a new all-time high.
In early June, $USDT market cap reached its previous high from May 2022 but has not been able to sustain that level. The market cap has now confidently reached a new all-time high. This shows that despite regular FUD, $USDT… pic.twitter.com/QqRYXEiztG

— IntoTheBlock (@intotheblock) July 26, 2023

As USDT reigns, others fall apart

The milestone signals renewed confidence in USDT over other stablecoins increased. This signals a spike in circulation and use of the coin. However, it has Go to Source to See Full Article
Author: Victor Olanrewaju

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