Global #Tether

Tether (USDT) is making significant strides in the stablecoin market during the current cycle, solidifying its status as the leading stablecoin.

This week, Tether has made headlines by issuing an additional $1 billion in USDT on the Ethereum blockchain, bringing its total market capitalization to approximately $119 billion.

The Open Network (TON) has recently marked a significant milestone, with its Tether (USDT) supply crossing the $1 billion mark for the first time. This surge reflects a broader increase in both the stablecoin’s availability and weekly active users, reaching a new peak of 5 million active users.

Tether, the company behind the world’s largest stablecoin, has announced a significant investment of $1.5 million in Sorted Wallet, a financial technology platform designed to improve accessibility to cryptocurrencies for underserved populations in Africa and South Asia.

The stablecoin market continues to be significantly influenced by Tether’s USDT, which maintains its position as the leading dollar-backed stablecoin, commanding the majority of the $172 billion market.

Tether, the prominent stablecoin issuer, has announced the appointment of Jesse Spiro as its new Head of Government Affairs.