The market capitalization of Tether is approaching $ 80 billion, USt represents 46% of the StableCoin economy-altcoins

Tether market capitalization is less than $ 2 billion away to achieve $ 80 billion

On December 30, 2021 there are around 78.2 billion tether ( usdt ) in circulation according to Coingecko.coms Market capitalization Statistics . According to the transparency report by Tether Limited, who is to the tether.to web portal manages a wealth of $ 78.5 billion. Metrics show that Tether accounts for 3.35% of today's crypto economy of $ 2.33 trillion and 46% of the StableCoin economy of $ 168.3 billion.

Tether experienced massive growth during his lifespan. On September 13, 2015, Tether's market capitalization, for example, was $ 451,600, and the leap to $ 78.2 billion is a rich increase of 17,327,227 % in just over six years. The only stable coin with a comparable market evaluation is USD (USDC) with $ 42.1 billion, 9.7 % more than in the past month. USDC represents 1.8 % of the market capitalization of $ 2.33 trillion and is about 52.68 % or a little more than half of Tether's market evaluation.

The two stable coins together represent 71.82% of the total stable coin economy and about 5.15% of the crypto economy of $ 2.33 trillion. Four stable coin protocols in the top ten positions of the StableCoin market reviews have risen between 12.9 % to 42.9 %. The bus issued by Binance rose by 12.9 %, the UT of Terra by 34.2 %, the MIM by 30.9 %and the Frax by 42.9 %.

The overall rating of Tether is 39 % higher than that of Busd, VAT, MIM and Frax. Tether is not only the largest stable coin that is now output over several blockchains, but also has the largest trading volume. The 24-hour volume of Tether is more than btc The daily volume of today with 52.8 billion US dollar in usdt . At $ 25.5 billion, Bitcoin has less than half of this volume on Thursday.

What do you think of Tether's market capitalization, which is approaching almost $ 80 billion? Let us know your opinion on this topic in the comments below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a Finanztech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

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