USDT surpasses $10 billion

Yesterday the USDT monetary base surpassed $10 billion. USDT joins Bitcoin and Ethereum as the only 3 cryptoassets with a market capitalization in the 10 figure range.

Source: Messari Portal

Why it matters:

• USDT continues to grow its lead on its stablecoin competitors, and is still the only stablecoin with a market capitalization greater than $1 billion.
• The $10 billion mark is not fundamentally significant, but it is a sign of USDT’s staying power despite all its controversy over the years.