Tether (USDT) has recently experienced significant growth. Although it hasn’t officially reached a market cap of $100 billion, its current market capitalization stands at approximately $112.8 billion as reported by CoinMarketCap.
Tether’s (USDT) market capitalization is getting close to $100 billion after rising from $84 billion to over $94 billion in the previous three months, an increase of almost $10 billion. Tether has been hoarding Bitcoin as well; as of now, it has $2.8 billion in reserves, ranking it among the biggest holders of the cryptocurrency. The stablecoin issuer, which says it collaborates with law enforcement to monitor transactions, has denied allegations made by a UN body that USDT is frequently used for fraud and money laundering in Asia.