According to data, the market value of stablecoin giant Tether this week reached approximately US$78.2 billion. In the past 30 days, Tether’s market valuation has increased by 5.6%, and stablecoins now account for 46% of the $168.3 billion stablecoin economy.

Tether has a market value of less than 2 billion U.S. dollars and a distance of 80 billion U.S. dollars

By December 30, 2021, there will be approximately 78.2 billion Tether (USDT) In circulation, according to coingecko.com, the stablecoin with the highest market value Statistical data. According to the transparency report issued by Tether Limited, Tether The portal website manages $78.5 billion in assets. Indicators indicate that Tether accounts for 3.35% of the current USD 2.33 trillion crypto economy and 46% of the USD 168.3 billion stable currency economy.

Tether has experienced tremendous growth in its life cycle. For example, on September 13, 2015, the market value of Tether was US$451,600, which jumped to US$78.2 billion in just over six years, an increase of 17,327,227%. The only stablecoin with a comparable market valuation is the U.S. dollar (USDC), valued at 42.1 billion U.S. dollars, which has risen 9.7% since last month. USDC accounts for 1.8% of the US$2.33 trillion market capitalization and approximately 52.68% or slightly more than half of Tether’s market valuation.

Together, these two stablecoins account for 71.82% of the entire stablecoin economy, and about 5.15% of the $2.33 trillion crypto economy. The four stablecoin agreements in the top ten stablecoin market valuations have risen between 12.9% and 42.9%. BUSD issued by Binance rose 12.9%, Terra’s UST rose 34.2%, MIM rose 30.9%, and FRAX rose 42.9%.

Tether’s overall valuation is 39% higher than the sum of BUSD, UST, MIM and FRAX. In addition to being the largest stablecoin issued across multiple blockchains today, Tether also has the most transaction volume. Tether’s 24-hour trading volume exceeds BitcoinToday’s daily trading volume is 52.8 billion U.S. dollars USDT trade. On Thursday, Bitcoin’s transaction volume was 25.5 billion U.S. dollars, less than half of this amount.

How do you think Tether’s market value is close to 80 billion U.S. dollars? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at Bitcoin.com News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles about destructive protocols emerging today for Bitcoin.com News.