Mar 6, 03:05 AM

Tether Hits 100B Market Cap, From $300K, Amid Audit Concerns

Tether, the world's biggest stablecoin, has reached a significant milestone by crossing the $100 billion market cap, with a total of 100,000,000,000 USDT in circulation. This achievement comes amid its focus on serving the unbanked, initially targeting crypto users and centralized exchanges (CEXes), and later expanding into developing markets. Despite its meteoric rise from $300K to $100 Billion, Tether has faced criticism for not conducting an audit, raising concerns about potential risks to the financial markets. The relationship between Tether's market cap increase and bitcoin's price surge to a record high of $69k has also been a point of discussion.

#Tether

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