USDT Market Cap Surpasses $180 Billion: A New Record

Tether’s USDT stablecoin has hit a new milestone, reaching a staggering market capitalization of $180 billion. This significant surge is attributed to high minting activity on the Ethereum network, fueled by recent volatility in the crypto market, particularly during times of geopolitical uncertainty. 💰 📈 🌍 Although Tether’s leadership team hasn’t released any statements regarding this milestone, the rapid growth highlights the vital role USDT plays as a stable asset amidst market instability. 🤝 Analysts believe USDT’s prominence stems from its liquidity providing abilities, especially during market downturns. 📉 💼