Tether’s market capitalization exceeds $ 17 billion, fueling Cointelegraph’s Bitcoin price hike

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Tether’s market capitalization exceeds $ 17 billion, fueling the rise in Bitcoin prices

According to Tether’s official transparency data, the market capitalization of the USDT crossed a mark of $ 17 billion for the first time, reaching over $ 17 billion in total assets.

Tether’s market capitalization grew exponentially in 2020. By mid-September, Tether’s market capitalization had seen almost a fourfold increase since the beginning of the year, surpassing $ 15 billion from approximately $ 4 billion.

Market capitalization of Stablecoin. Source: Messari