The USDT stablecoin has exceeded 100 billion dollars in capitalization, confirming the rising trend of the last year

USDT higher and higher

For the first time in its history, USDT has exceeded the 100 billion dollar capitalization threshold, raising more than two billion in the last week alone.

The reasons for the increase mainly derive from the increase in trading activities and the consequent liquidity, which led the asset to change the peg slightly in excess. For this reason, in truth, the capitalization is currently slightly under $100 billion.

However, the trend seems to want to be confirmed in the coming days, thanks to the now consolidated preference of investors for USDT compared to competitors. And this, despite Tether historically being surrounded by voices questioning its transparency regarding reserves.

Tether leads stablecoins

In the previous bullmarket, USDT had reached a capitalization of 83 billion dollars, and since then it has always remained a point of reference in the trading pairs of every exchange.

Unlike the past, however, Tether has evolved above all in terms of collateral management, replacing risky assets (such as loans to Celsius, which later went bankrupt) with assets such as US Treasury bonds.

After surviving the bearmarket, USDT confirmed itself with a faster recovery than any competitor. Some, such as BUSD, have even closed their doors, while USDC was clearly affected by the US banking crisis of last March 2023.

To date, USDT's market share covers 70% of the entire share held by stablecoins, and profits are also constantly increasing (2.85 billion dollars in the last quarter), thanks to the returns derived from US securities .