{"id":48214,"date":"2023-06-01T12:04:50","date_gmt":"2023-06-01T12:04:50","guid":{"rendered":"https:\/\/lydian.io\/?p=48214"},"modified":"2023-06-01T12:04:51","modified_gmt":"2023-06-01T12:04:51","slug":"tether-usdt-market-cap-breaks-ath-binance-ceo-hints-at-regulatory-caps","status":"publish","type":"post","link":"https:\/\/lydian.io\/tether-usdt-market-cap-breaks-ath-binance-ceo-hints-at-regulatory-caps\/","title":{"rendered":"Tether USDT market cap breaks ATH, Binance CEO hints at regulatory caps","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
<\/p>\n
With its continued market dominance, the Tether (USDT) stablecoin has hit a brand new all-time excessive (ATH) with a market cap of over $83 billion. <\/p>\n
The brand new ATH market cap for USDT is available in a yr when different stablecoin issuers are struggling to remain afloat as a consequence of regulatory points. The identical was highlighted by cryptocurrency change Binance CEO Changpeng \u201cCZ\u201d Zhao.<\/p>\n
USDT market cap chart. Supply: CoinMarketCap<\/p>\n
In a tweet, CZ drew consideration to Binance USD (BUSD), the stablecoin issued by Paxos underneath the Binance model. Binance CEO mentioned that BUSD, a totally regulated stablecoin, was \u201ccapped\u201d by the New York Division of Monetary Companies (NYDFS) to $23 billion and presently has a market cap of $5 billion, and that USDT has been since has skilled super progress.<\/p>\n
BUSD, a totally regulated stablecoin, has been \u201ccapped\u201d (no re-minting) by NYDFS to $23 billion. Now with a market cap of $5 billion.<\/p>\n
Since then, USDT has skilled super progress. https:\/\/t.co\/KqBkDK71WS<\/a><\/p>\n