USDt market cap hits $160B, cementing its ‘digital dollar’ role: Tether CEO
Tether’s USDt stablecoin has surpassed $160 billion market cap, confirming its place as the digital dollar, as Tron leads in blockchain supply.
The market cap of Tether’s USDt, the world’s largest stablecoin, has surpassed $160 billion for the first time, a “new mind-blowing milestone,” according to Tether CEO Paolo Ardoino.
In a Thursday post on X, Ardoino called the achievement a testament to USDt’s growing role as the digital dollar for “billions of people living in emerging markets and developing countries.” USDt crossed $150 billion in May.
Ardoino has said that USDt (USDT) is used by more than 400 million people worldwide, expanding by 35 million wallets each quarter, especially in emerging markets where it serves as a reliable dollar substitute.