{"id":426690,"date":"2020-06-09T14:29:11","date_gmt":"2020-06-09T14:29:11","guid":{"rendered":"https:\/\/wncen.com\/?p=426690"},"modified":"2020-06-09T14:29:11","modified_gmt":"2020-06-09T14:29:11","slug":"tethers-market-cap-on-path-to-reach-10-billion-heres-what-it-means","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tethers-market-cap-on-path-to-reach-10-billion-heres-what-it-means\/","title":{"rendered":"Tether\u2019s Market Cap on Path to Reach $10 Billion: Here’s What it Means"},"content":{"rendered":"
The market cap of Tether\u2019s dollar-pegged stablecoin USDT has been steadily increasing this year and could soon reach $10 billion. According to the company\u2019s CTO Paolo Ardoino, Tether has minted $5 billion in the past six months alone.<\/p>\n
The Market Cap of USDT On Its Way to $10 Billion<\/h2>\n
The third-largest cryptocurrency and the largest stablecoin in the world, Tether, has seen its market cap grow substantially this year. According to the latest data from crypto analytics company Skew, USDT\u2019s market capitalization currently stands at over $9.3 billion.<\/p>\n
The company\u2019s data has shown that half of the growth USDT has seen happened in 2020, with the past two months seeing record upticks.<\/p>\n