The market cap of Tether’s USDt, the world’s largest stablecoin, has surpassed $160 billion for the first time, a “new mind-blowing milestone,” according to Tether CEO Paolo Ardoino.
In a Thursday post on X, Ardoino called the achievement a testament to USDt’s growing role as the digital dollar for “billions of people living in emerging markets and developing countries.” USDt data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/tether-market-cap-150-billion-first-time” title=”null”>crossed $150 billion in May.
Ardoino has data-ct-non-breakable=”null” href=”https://x.com/paoloardoino/status/1894364976619409656″ title=”null”>said that USDt ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/tether-price-index” rel=”https://cointelegraph.com/tether-price-index” target=”https://cointelegraph.com/tether-price-index” title=”https://cointelegraph.com/tether-price-index”>USDT) is used by more than 400 million people worldwide, expanding by 35 million wallets each quarter,…
