Tether approaches $100 billion market cap


USDT by Tether is one of the most popular stablecoins. It was designed as a “bridge” between fiat currency and cryptocurrency.

Its strengths include absolute transparency in settlements and high transaction speeds.

USDT is approaching a market capitalization of $100 billion after a period of unprecedented profitability for the company.

The latest financial report from Tether showed an impressive profit of $2.85 billion for the fourth quarter of 2023, which set a record for the company.

The surge in profit can be primarily attributed to interest income from US Treasury bonds.

USDT itself is not an investment instrument, but it is successfully used as a means of payment. For example, it can be used to purchase all digital assets offered by IWI GS.

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