All Articles

Will Tether Be The First Stablecoin To Reach $100 Billion?

January 21, 2024
x min read

Tether is the most dominant stablecoin in crypto. And now, it’s getting close to a historic moment.

What’s happening:

  • Tether, the most popular stablecoin in all of crypto, has recently seen its market capitalization rapidly climb and is poised to become the first stablecoin to ever reach a value of $100B USD

By the numbers:

  • The only digital assets to ever reach $100B USD in market capitalization are Bitcoin, Ethereum, XRP and Binance Coin
  • Tether’s market capitalization currently sits at approximately $95B USD
  • Tether is also one of the largest holders of Bitcoin in the world, with ownership of roughly 66,400 Bitcoin
  • In the last 90 days alone, Tether has seen it’s market capitalization grow by more than $10B USD

Going deeper:

  • Stablecoins have been heating up recently, with USDC issuer Circle announcing their plans for an IPO on a major US stock exchange
  • PayPal became the first ever publicly traded company to launch their own stablecoin and has recently been seeing major adoption within the United States

The intrigue:

Discover what’s next. The world’s biggest ideas, disruptive trends, most exciting early stage companies and groundbreaking entrepreneurs.

By clicking Subscribe you're confirming that you agree with our Privacy Policy.
Thanks for subscribing!
Keep an eye out for a welcome email shortly.
Oops! Something went wrong while submitting the form.