Bitcoin

Tether USDt

<a href="https://optimisus.com/market/market-news/tether-invests-100-million-in-agricultural-firm-adecoagro-marking-a-strategic-shift-beyond-its-stablecoin/" rel="noopener noreferrer nofollow">Tether&#39;s USDT stablecoin</a> now holds more than 75% of the stablecoin market, a considerable increase from 55% in 2022. This increase is attributed to the growing demand for USDT as a reliable middleman between fiat currencies and digital assets.With a circulating supply of $118 billion, <a href="https://optimisus.com/market/market-news/tether-helps-authorities-seize-108-8-million-in-illicit-usdt/" rel="noopener noreferrer nofollow">USDT</a> has witnessed consistent adoption throughout crypto marketplaces, bolstered by its good financial performance. Tether earned $400 million in income over the last month, cementing its status as the biggest stablecoin issuer.The stablecoin is important in the digital asset arena because it allows investors to protect against market volatility. Tether&#39;s revenue-generating extends beyond stablecoin supply, with $5.2 billion in profits in Q1 2024, primarily from investments in assets such as Bitcoin and gold.The company is also working on regulatory compliance and intends to increase its personnel by mid-2025. The USDT balance on crypto exchanges reached a new high of $20.3 billion in August, showing that investors are keeping USDT to hedge market risk or prepare for future trading opportunities.

Tether Dominates Stablecoin Market with $118B Supply

Optimisus

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