Affected by market FOMO sentiment, USDT’s market value exceeded US$100 billion at a slight premium.
According to CoinGecko data on March 5th, as the cryptocurrency market continues to rise, the market value of the stablecoin USDT issued by Tether has exceeded $100 billion for the first time in history.
Although Tether's website data shows that the circulation of USDT tokens is about 99.5 billion, on some trading platforms, the price of the token has a slight premium relative to its anchor price of $1.
BlockBeats note: Currently, the exchange rate of USD to RMB is 1:7.2, but on OTC platforms, it has risen to 1:7.42, with a premium of 3.056%.
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
Scores: The Critical Signal for Market Cap Growth
The 2024 Crypto Users Report
Crypto Trading Firm QCP Capital Says Donald Trump Could Kick Off Memecoin Altcoin Season!
QCP Capital has predicted that the memecoin TRUMP associated with US President-elect Donald Trump could act as a catalyst for altcoin season.
Vitalik Buterin Responds to Ethereum (ETH) Foundation's Sell-Offs, Reveals New Solution They're Researching!
Ethereum co-founder Vitalik Buterin said that the Ethereum Foundation, which has attracted attention with its sales, is exploring ETH staking options.
Crypto prices
More
