Theta Network

PayPal USD

First Digital USD

Shiba Inu

Billion

<p><em><strong>Blockchain and cryptocurrencies have revolutionized the banking system, with stablecoins becoming the most prominent subcategory of crypto.&nbsp;&nbsp;</strong></em></p>
<p>Blockchain technology has evolved significantly in the past few months. Its growth has led to the advancement of the traditional finance system. Stablecoin has become one of the most prominent sectors of the cryptocurrency sector.&nbsp;</p>
<p>Tether(USDT) is one of the leading stablecoins in the market, with a market capitalization of $99.5 Billion. The market cap of this fiat-pegged stablecoin grew above 19%.&nbsp;</p>
<p>It is crucial to note that the market cap of USDT has reached nearly $100 Billion for the first time in its history. According to CoinMarketCap, there are approximately 200 stablecoins globally.&nbsp;</p>
<p><a href="https://www.thecoinrepublic.com/2024/02/04/tether-clocks-6-2-billion-profit-in-2023-2-85-billion-in-q4/" target="_blank" rel="noopener noreferrer nofollow">Tether</a> (USDT), USDC (USDC), Dai (DAI), First Digital USD (FDUSD), TrueUSD(TUSD), USDD(USDD), Athena USDe (USDe), Frax (FRAX), TerraClassicUSD(USTC) and PayPal USD (PYUSD) are most prominent stablecoins available.&nbsp;</p>
<p>The spot trading volume of the stablecoin market is $176.11 Billion, and the market cap of the sector contributes majorly to the crypto market cap. In the past few months, the usage of stablecoins grew specifically for the staking purpose.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-other-related-news-strong"><strong>Other Related News</strong></h2>
<p>Earlier on February 02, 2024, news came to the market that Tether has developed an educational branch. It aims to offer courses, workshops, and other resources for skill development in the digital asset industry and blockchain technology.&nbsp;&nbsp;&nbsp;</p>
<p>Paolo Ardoino, the recently joined Chief Technology Officer of Tether (USDT), highlights, in his conversation, that the company made a profit of $4.5 Billion in 2023.&nbsp;</p>
<p>Arduino has worked with renowned companies, such as Frame Asset Management, Fincluster, Holepunch and&nbsp; Bitfinex.&nbsp;&nbsp;</p>
<h3 class="wp-block-heading" id="strong-investments-of-tether-usdt-strong"><strong>Investments of Tether (USDT)</strong></h3>
<p>The Tether(USDT) foundation has made significant investments in the past few years; it recently funded Oobit on February 5, 2024. The foundation majorly funds the Academy of Digital Industries.&nbsp;</p>
<p>Celsius Network, once the most popular cryptocurrency lender, also secured Tether’s funding in its corporate round on June 22, 2022.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Crypto Market Price Update&nbsp;</strong></h4>
<p>The crypto market capitalization grew over 2.30% in the past 24 hours and was $2.5 Trillion as of writing. The market leader, Bitcoin, has reflected a profitable intraday movement, growing 2.35%.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="548" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-92-1024x548.png" alt="" class="wp-image-195581" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-92-1024x548.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-92-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-92-768x411.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-92-1536x822.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-92-750x401.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-92-1140x610.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-92.png 1563w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: TradingView(The Market Capitalization Chart)
  </figcaption>
 </figure>
</div>
<p>As per the market observers, the boost in the trading price of Bitcoin is solely backed by the 4th coming halving event. However, other analysts state the growth is nourished by the inflow of massive funds in the ecosystem post-BTC spot ETF approval.&nbsp;&nbsp;</p>
<p>eCash price grew 58.79% in the past 24 hours, which makes it the leader of the intraday gainer’s list; Shiba Inu flourished by 43.37%, and Theta Network by 34.23%.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="287" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-93-1024x287.png" alt="" class="wp-image-195582" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-93-1024x287.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-93-300x84.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-93-768x215.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-93-1536x430.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-93-750x210.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-93-1140x319.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-93.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap (Intraday Gainers List)&nbsp;
  </figcaption>
 </figure>
</div>
<p>Dogwifhat (WIF) has showcased impressive growth in the past few months; a severe decline of 20.68% has been seen in the past 24 hours. As of writing, it is trading at $1.46; a week earlier, it was below $1.00.&nbsp;</p>
<p>Following constant WIF’s trading price growth, it became the fastest-growing meme coin in the past six months.&nbsp;</p>

Tether (USDT) Market Capitalization Nears All-Time High: Data

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