Tether CEO: USDT market value reaches 91 billion USD, with an excess reserve increase of about 4 billion USD by 2023
Tether CEO Paolo Ardoino stated on Twitter that the market value of USDT has reached approximately 91 billion dollars, and it set new market value highs almost every day in the last quarter. In 2023, Tether added about 4 billion dollars in excess reserves to its stablecoin composite reserve. Over the past few years, Tether has also co-founded several projects and supported multiple companies (using part of its profits outside of the stablecoin composite reserve). In 2024, the team plans to launch several new products and consolidate existing ones.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Palo Alto Networks Acquires AI Security Company Clutch for $500 Million
Asia Market Recap November 6: Seoul Halts Trading, Nikkei Suffers and Bitcoin Slips
Block time shortened to 1 second, Immutable Chain plans to migrate to OP Stack by mid-2027
Crypto prices
More
