Tether Reaches $150 Billion Market Cap, Dominating Stablecoin Landscape

Tether has surpassed the $150 billion mark in market capitalization, signifying a significant surge in stablecoin usage across global crypto markets. This increase is fueled by the rising demand for digital dollars and the expanding adoption of stablecoins as an alternative to traditional currencies. 36% growth in Tether’s supply over the past year has solidified its position as the leading stablecoin provider, accounting for over 60% of the total market share.