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The market cap of USDT has been increasing day by day, even reaching a historical high of $84.253 billion during a bear market, in contrast to USDC, which currently has a market cap of only $25.5 billion.
Tether to Introduce Real-Time USDT Reserve Data Next Year
According to Bloomberg, Tether will support real-time reserve data for the USDT stablecoin in 2024.
Tether Achieves a New All-Time High Market Cap
According to CoinMarketCap, the market cap of USDT reached $84.253 billion on October 21, surpassing its previous high of $83.8 billion in August.
In comparison, USDC had a market cap of $55.88 billion in June 2022, but it has been on a continuous decline since then and currently has a market cap of only $25.5 billion.
Despite ongoing FUD (Fear, Uncertainty, Doubt), Tether has received a lot of positive news this year. The Q2 report showed excess reserves of $3.3 billion, and the company's Chief Technology Officer, who excels at combating FUD, was recently promoted to CEO. |
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Post time 26-10-2023 10:07:15