Home Business Tether market cap surpasses $17 billion, fueling Bitcoin worth rally

Tether market cap surpasses $17 billion, fueling Bitcoin worth rally

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Tether market cap surpasses $17 billion, fueling Bitcoin worth rally

In keeping with Tether’s official transparency knowledge, the USDT market cap crossed a $17 billion mark for the primary time, hitting over $17 billion in complete belongings.

Tether’s market cap has been rising exponentially in 2020. As of mid-September, Tether’s market cap had seen practically a four-fold enhance because the starting of the 12 months, surging above $15 billion from round $4 billion.

Stablecoin market capitalization. Supply: Messari