USDT Market Cap Soars To Record With Ethereum Crossing Tron as Main Hub

Tether, crypto’s largest stablecoin by market capitalization, is reaching new highs, and most of its growth is happening on Ethereum. USDT’s market cap surged by 14% in the past month to a record $137 billion, according to CoinGecko . The USDT market cap on Ethereum expanded by 31% to $71.9 billion, the most out of eight major chains it is issued on, and surpassing USDT on Tron for the first time since July 2022, according to data compiled by The Block. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io