Tether, the world's biggest stablecoin, has reached a significant milestone by crossing the $100 billion market cap, with a total of 100,000,000,000 USDT in circulation. This achievement comes amid its focus on serving the unbanked, initially targeting crypto users and centralized exchanges (CEXes), and later expanding into developing markets. Despite its meteoric rise from $300K to $100 Billion, Tether has faced criticism for not conducting an audit, raising concerns about potential risks to the financial markets. The relationship between Tether's market cap increase and bitcoin's price surge to a record high of $69k has also been a point of discussion.
As Tether toasts $100 billion in circulation this week, the rapid rise of the world's biggest stablecoin has highlighted concerns about potential risks to wider financial markets https://t.co/qDWyCauOk4
As Tether toasts $100 billion in circulation this week, the rapid rise of the world's biggest stablecoin has highlighted concerns about potential risks to wider financial markets. More here: https://t.co/8lUThFaUjb
From $300K to $100 Billion: #Tether's Meteoric Rise https://t.co/38x24DP7en
Is bitcoin hitting a record high of $69k caused by Tether hitting a record $100 billion, or is Tether hitting $100 billion caused by bitcoin hitting $69k?
Tether mints $100 billion smackeroons on the blockchain https://t.co/4jPQskZDLQ
Tether: Ten years, 100,000,000,000 USDT, and still no audit https://t.co/jgRGn3e1Jp
Tether has officially crossed the $100b market cap line and 1 Trillion is likely next How did that happen? Simple: unlike Circle, Tether focussed on the unbanked. At first it was crypto users and CEXes Later it became developing markets. What’s next? Here are my thoughts:… https://t.co/1Inwr2LYwN