Tether capitalization exceed $7 Billion

by in Cryptocurrency News

Tether USDT capitalization

This month, the capitalization of Tether (USDT) has grown by 45%. The asset now ranks fourth in ratings like CoinMarketCap or CoinGecko, "breathing in the back" to the Ripple XRP token.

Related: Tether launches a new gold-backed stablecoin

The screenshot below shows that on April 1, the USDT capitalization was at $4.92 billion. Now, this figure is $7.159 billion.

Tether capitalization

According to Tether, a total of $7.5 billion USDT has been issued. Most of the coins on the Ethereum blockchain.

According to Whale Alert, every 1-3 days the offer of Tether increases by 120 million USDT.

Against the background of the ongoing issue of “stable coins”, bitcoin has grown by more than 20% since the beginning of this month from $6400 to the current mark of $7750.