{"id":6231,"date":"2023-12-07T14:56:19","date_gmt":"2023-12-07T14:56:19","guid":{"rendered":"https:\/\/predictmag.com\/blog\/?p=6231"},"modified":"2023-12-07T14:56:19","modified_gmt":"2023-12-07T14:56:19","slug":"tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence","status":"publish","type":"post","link":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/","title":{"rendered":"Tether (USDT) Achieves a $90 Billion Market Cap With Renewed Confidence"},"content":{"rendered":"

USDT reaches an unprecedented $90 billion peak, overcoming regulatory challenges.<\/em><\/strong><\/p>\n

Tether<\/a> (USDT), the largest stablecoin globally, has seen consistent growth in its market capitalization. It reached a record high of $90 billion on December 6th, slightly retracting to $89.9 billion.<\/p>\n

This surge indicates renewed confidence in the crypto market despite regulatory challenges. Over the past month, the market cap rose by approximately 6%, resulting in a year-to-date growth of over 35%, starting from $66.24 billion.<\/p>\n

This demonstrates Tether’s ability to navigate market fluctuations and instill trust among investors. The increased market cap also reflects improved liquidity, with additional capital flowing into the ecosystem.<\/p>\n

The Status of Stablecoins<\/strong><\/p>\n

After notable events like the Luna collapse in June 2022 and the Silicon Valley Bank (SVB) crisis in March, there was a notable decline in the total supply of stablecoins, reflecting diminished market confidence.<\/p>\n

Nevertheless, starting from October 2023, there has been a continuous rise in the overall stablecoin supply, pointing towards a positive trend. This increase is seen as an early sign of improved on-chain liquidity, hinting at a situation where a greater amount of capital is available for deployment, as highlighted in the latest CoinMetrics report<\/a>.<\/p>\n

USDC, a prominent stablecoin in decentralized finance (DeFi) applications, saw a significant portion of its supply residing in smart contracts, peaking at over $20 billion in March 2022.
\nHowever, throughout the year, this amount decreased by half, dropping from its peak of $14 billion in March to $7 billion by December 2023.<\/p>\n

\"Tether<\/p>\n

In contrast, Tether on Ethereum, primarily held in externally owned accounts (EOAs), followed a different trajectory. Its involvement in smart contracts expanded, growing from $4 billion at the beginning of the year to surpass $6 billion.<\/p>\n

The report also noted a decline in the number of addresses holding over $100k USDC, totaling 13k addresses, while those for USDT on Ethereum remained relatively stable.<\/p>\n

Conversely, Tether on the Tron network experienced steady growth in adoption, with nearly 40k addresses holding over $100k. This trend is attributed to lower transaction fees and potential increased usage in developing economies across Latin America, Africa, and Asia.<\/p>\n

Get free access to our lifetime VIP membership. Join us here<\/a>.<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

USDT reaches an unprecedented $90 billion peak, overcoming regulatory challenges. Tether (USDT), the largest stablecoin globally, has seen consistent growth in its market capitalization. It reached a record high of $90 billion on December 6th, slightly retracting to $89.9 billion. This surge indicates renewed confidence in the crypto market despite regulatory challenges. Over the past […]<\/p>\n","protected":false},"author":1,"featured_media":6234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,236,273,3,208,207,63,14],"tags":[194,312,311],"class_list":["post-6231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcement","category-article","category-crypto","category-crypto-market","category-currency","category-funds","category-news","category-trading","tag-stablecoins","tag-tether","tag-usdt"],"yoast_head":"\nTether (USDT) Achieves a $90 Billion Market Cap With Renewed Confidence<\/title>\n<meta name=\"description\" content=\"USDT reaches an unprecedented $90 billion peak, overcoming regulatory challenges. It reached a record high of $90 billion on December 6th.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether (USDT) Achieves a $90 Billion Market Cap With Renewed Confidence\" \/>\n<meta property=\"og:description\" content=\"USDT reaches an unprecedented $90 billion peak, overcoming regulatory challenges. It reached a record high of $90 billion on December 6th.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/\" \/>\n<meta property=\"og:site_name\" content=\"PredictMag\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-07T14:56:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/predictmag.com\/blog\/wp-content\/uploads\/2023\/12\/istockphoto-1467976872-612x612-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"612\" \/>\n\t<meta property=\"og:image:height\" content=\"408\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/#\\\/schema\\\/person\\\/4c0bd46e1eeca0f4a87fab87981cb6f9\"},\"headline\":\"Tether (USDT) Achieves a $90 Billion Market Cap With Renewed Confidence\",\"datePublished\":\"2023-12-07T14:56:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/\"},\"wordCount\":356,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/predictmag.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/istockphoto-1467976872-612x612-1.jpg?fit=612%2C408&ssl=1\",\"keywords\":[\"Stablecoins\",\"Tether\",\"USDT\"],\"articleSection\":[\"Announcement\",\"Article\",\"Crypto\",\"Crypto Market\",\"Currency\",\"Funds\",\"news\",\"Trading\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/\",\"url\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/\",\"name\":\"Tether (USDT) Achieves a $90 Billion Market Cap With Renewed Confidence\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/predictmag.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/istockphoto-1467976872-612x612-1.jpg?fit=612%2C408&ssl=1\",\"datePublished\":\"2023-12-07T14:56:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/#\\\/schema\\\/person\\\/4c0bd46e1eeca0f4a87fab87981cb6f9\"},\"description\":\"USDT reaches an unprecedented $90 billion peak, overcoming regulatory challenges. It reached a record high of $90 billion on December 6th.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/predictmag.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/istockphoto-1467976872-612x612-1.jpg?fit=612%2C408&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/predictmag.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/istockphoto-1467976872-612x612-1.jpg?fit=612%2C408&ssl=1\",\"width\":612,\"height\":408,\"caption\":\"Rear view of man at home using laptop and phone to trade with cryptocurrency.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/2023\\\/12\\\/07\\\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tether (USDT) Achieves a $90 Billion Market Cap With Renewed Confidence\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/\",\"name\":\"PredictMag\",\"description\":\"Easy profits with crypto currencies\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/#\\\/schema\\\/person\\\/4c0bd46e1eeca0f4a87fab87981cb6f9\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ad71242e5cadd233f7d7654f68fc86638b7ce639b1d6a2a6119102e178e692c7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ad71242e5cadd233f7d7654f68fc86638b7ce639b1d6a2a6119102e178e692c7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ad71242e5cadd233f7d7654f68fc86638b7ce639b1d6a2a6119102e178e692c7?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\\\/\\\/predictmag.com\\\/blog\"],\"url\":\"https:\\\/\\\/predictmag.com\\\/blog\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tether (USDT) Achieves a $90 Billion Market Cap With Renewed Confidence","description":"USDT reaches an unprecedented $90 billion peak, overcoming regulatory challenges. It reached a record high of $90 billion on December 6th.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/","og_locale":"en_US","og_type":"article","og_title":"Tether (USDT) Achieves a $90 Billion Market Cap With Renewed Confidence","og_description":"USDT reaches an unprecedented $90 billion peak, overcoming regulatory challenges. It reached a record high of $90 billion on December 6th.","og_url":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/","og_site_name":"PredictMag","article_published_time":"2023-12-07T14:56:19+00:00","og_image":[{"width":612,"height":408,"url":"https:\/\/predictmag.com\/blog\/wp-content\/uploads\/2023\/12\/istockphoto-1467976872-612x612-1.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/#article","isPartOf":{"@id":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/"},"author":{"name":"admin","@id":"https:\/\/predictmag.com\/blog\/#\/schema\/person\/4c0bd46e1eeca0f4a87fab87981cb6f9"},"headline":"Tether (USDT) Achieves a $90 Billion Market Cap With Renewed Confidence","datePublished":"2023-12-07T14:56:19+00:00","mainEntityOfPage":{"@id":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/"},"wordCount":356,"commentCount":0,"image":{"@id":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/predictmag.com\/blog\/wp-content\/uploads\/2023\/12\/istockphoto-1467976872-612x612-1.jpg?fit=612%2C408&ssl=1","keywords":["Stablecoins","Tether","USDT"],"articleSection":["Announcement","Article","Crypto","Crypto Market","Currency","Funds","news","Trading"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/","url":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/","name":"Tether (USDT) Achieves a $90 Billion Market Cap With Renewed Confidence","isPartOf":{"@id":"https:\/\/predictmag.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/#primaryimage"},"image":{"@id":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/predictmag.com\/blog\/wp-content\/uploads\/2023\/12\/istockphoto-1467976872-612x612-1.jpg?fit=612%2C408&ssl=1","datePublished":"2023-12-07T14:56:19+00:00","author":{"@id":"https:\/\/predictmag.com\/blog\/#\/schema\/person\/4c0bd46e1eeca0f4a87fab87981cb6f9"},"description":"USDT reaches an unprecedented $90 billion peak, overcoming regulatory challenges. It reached a record high of $90 billion on December 6th.","breadcrumb":{"@id":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/#primaryimage","url":"https:\/\/i0.wp.com\/predictmag.com\/blog\/wp-content\/uploads\/2023\/12\/istockphoto-1467976872-612x612-1.jpg?fit=612%2C408&ssl=1","contentUrl":"https:\/\/i0.wp.com\/predictmag.com\/blog\/wp-content\/uploads\/2023\/12\/istockphoto-1467976872-612x612-1.jpg?fit=612%2C408&ssl=1","width":612,"height":408,"caption":"Rear view of man at home using laptop and phone to trade with cryptocurrency."},{"@type":"BreadcrumbList","@id":"https:\/\/predictmag.com\/blog\/2023\/12\/07\/tether-usdt-achieves-a-90-billion-market-cap-with-renewed-confidence\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/predictmag.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Tether (USDT) Achieves a $90 Billion Market Cap With Renewed Confidence"}]},{"@type":"WebSite","@id":"https:\/\/predictmag.com\/blog\/#website","url":"https:\/\/predictmag.com\/blog\/","name":"PredictMag","description":"Easy profits with crypto currencies","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/predictmag.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/predictmag.com\/blog\/#\/schema\/person\/4c0bd46e1eeca0f4a87fab87981cb6f9","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/ad71242e5cadd233f7d7654f68fc86638b7ce639b1d6a2a6119102e178e692c7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ad71242e5cadd233f7d7654f68fc86638b7ce639b1d6a2a6119102e178e692c7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ad71242e5cadd233f7d7654f68fc86638b7ce639b1d6a2a6119102e178e692c7?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/predictmag.com\/blog"],"url":"https:\/\/predictmag.com\/blog\/author\/admin\/"}]}},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/predictmag.com\/blog\/wp-content\/uploads\/2023\/12\/istockphoto-1467976872-612x612-1.jpg?fit=612%2C408&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/predictmag.com\/blog\/wp-json\/wp\/v2\/posts\/6231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/predictmag.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/predictmag.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/predictmag.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/predictmag.com\/blog\/wp-json\/wp\/v2\/comments?post=6231"}],"version-history":[{"count":2,"href":"https:\/\/predictmag.com\/blog\/wp-json\/wp\/v2\/posts\/6231\/revisions"}],"predecessor-version":[{"id":6235,"href":"https:\/\/predictmag.com\/blog\/wp-json\/wp\/v2\/posts\/6231\/revisions\/6235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/predictmag.com\/blog\/wp-json\/wp\/v2\/media\/6234"}],"wp:attachment":[{"href":"https:\/\/predictmag.com\/blog\/wp-json\/wp\/v2\/media?parent=6231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/predictmag.com\/blog\/wp-json\/wp\/v2\/categories?post=6231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/predictmag.com\/blog\/wp-json\/wp\/v2\/tags?post=6231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}