Tether’s USDT stablecoin has reached a new milestone, exceeding the $155 billion mark and taking its market cap to record highs. This surge underscores the significant influence of Tether in the broader crypto landscape. 59.5% of all stablecoins are now backed by Tether, highlighting its dominance within the sector. The achievement is attributed to a transparency-driven approach that focuses on Bitcoin reserves, as revealed by CEO Paolo Ardoino, who emphasized the company’s commitment to transparency and its investment in Bitcoin. This strategy has attracted increased institutional interest, with Tether currently playing a crucial role in facilitating liquidity provision across various platforms and assets during market fluctuations.