Tether's USDt reaches a historic milestone, with CEO Paolo Ardoino noting its increasing importance as a digital dollar for users in emerging markets.
Tether's USDt has achieved a market capitalization of $160 billion, marking a significant milestone for the stablecoin. CEO Paolo Ardoino highlighted that USDt is now used by over 400 million people, with a substantial portion of its supply hosted on the Tron blockchain. Tether's backing reserves consist of 81.5% cash and cash equivalents, primarily US Treasurys. The stablecoin market is expanding rapidly, with transaction volumes surpassing those of traditional financial giants Visa and Mastercard combined.