Tether market cap surpasses $17 billion, fueling Bitcoin price rally
Cointelegraph
Published Nov 06, 2020 04:44AM ET
Updated Nov 07, 2020 06:40AM ET
According to Tether’s official transparency data, the USDT market cap crossed a $17 billion mark for the first time, hitting over $17 billion in total assets.
Tether’s market cap has been growing exponentially in 2020. As of mid-September, Tether’s market cap had seen nearly a four-fold increase since the beginning of the year, surging above $15 billion from around $4 billion.
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Written By: Cointelegraph
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