{"id":112043,"date":"2021-02-10T14:12:11","date_gmt":"2021-02-10T14:12:11","guid":{"rendered":"https:\/\/precoinnews.com\/?p=112043"},"modified":"2021-02-10T14:12:11","modified_gmt":"2021-02-10T14:12:11","slug":"tethers-usdt-market-cap-has-increased-by-45-in-2021-exceeding-30b","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/ethereum\/tethers-usdt-market-cap-has-increased-by-45-in-2021-exceeding-30b\/","title":{"rendered":"Tether&#039;s (USDT) Market Cap Has Increased by 45% in 2021 Exceeding $30B"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>Tether&#8217;s (USDT) market cap has increased by 44.9% since the beginning of 2021 hitting $30.33 Billion<\/strong><\/li>\n<li><strong>Demand for stablecoins has increased as traders look for fiat onramps<\/strong><\/li>\n<li><strong>Furthermore, DeFi on both Tron and Ethereum has accelerated the use of USDT<\/strong><\/li>\n<\/ul>\n<p>The market capitalization of Tether (USDT) has increased by a whopping 44.9% since the beginning of 2021 to hit a new all-time high of $33.334 Billion. This is according to data by the team at CryptoRank Platform who shared their observation of the growth by Tether via the following statement and accompanying chart.<\/p>\n<blockquote><p><span>Tether<\/span><span> Market Capitalization Crossed $30 Billion <\/span><span>$USDT<\/span><span> cap has shown a growth of 44.9% from the beginning of 2021: $20.94B \u2014&gt; $30.35B.<\/span><\/p><\/blockquote>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/USDT-Market-Cap-Feb-10th-1024x507.jpg\"><\/p>\n<h2>Stablecoins Being Used as Fiat Onramps<\/h2>\n<blockquote><p><span>btc<\/span><span> exchanges reserves (orange) *still* continues to decrease \ud83d\ude42 (this 30-40k range is re-accumulation) Stablecoins exchanges reserve (purple) are at all time high.<\/span><\/p><\/blockquote>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/Stablecoins-Feb-10th-1024x429.jpg\"><\/p>\n<h2>Tether (USDT) is at the Core of DeFi<\/h2>\n<p>Furthermore, at the core of the DeFi realm are stablecoins that serve as a base for a majority of the borrowing and lending. Tether is particularly the fan-favorite of DeFi users on both the Ethereum and Tron network.<\/p>\n<p>At the time of writing the amount of Tether issued on Ethereum and Tron stands at $19.117 Billion and $10.494 Billion. This amount is bound to increase with time as DeFi gains popularity and trust from the traditional world of finance.<\/p>\n<p>Source: <a href=\"https:\/\/en.ethereumworldnews.com\/tethers-usdt-market-cap-has-increased-by-45-in-2021-exceeding-30b\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: Tether&#8217;s (USDT) market cap has<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tether&#039;s (USDT) Market Cap Has Increased by 45% in 2021 Exceeding $30B - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/ethereum\/tethers-usdt-market-cap-has-increased-by-45-in-2021-exceeding-30b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether&#039;s (USDT) Market Cap Has Increased by 45% in 2021 Exceeding $30B - 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