Recent high-transaction fees on #Ethereum pushed more tether flow onto #Tron. In the end no one wants to pay 20$ to send 100$. EVM compabible blockchains make swaps almost seamless.
Tether’s Market Cap Hits $50 Billion
Mr. Ardoino’s comments were in response to an article that pointed out that the amount of USDT issued on Tron had exceeded USDT issued on Ethereum. A quick glance at the Tether.io website reveals that the market cap of USDT currently stands at $50.61 Billion. Furthermore, the website goes on to provide the following breakdown of Tether (USDT) issued on the various blockchain networks.
Omni – $1.335 Billion
Ethereum – $24.416 Billion
Tron – $25.994 Billion
EOS – $70.251 Million
Liquid – $36.561 Million
Algorand – $24 Million
SLP – $6 Million
Solana – $190 Million
2021 Has Been a Wonderful Year For Tether (USDT)
After Tether’s market cap hit $50 Billion, Mr. Ardoino pointed out that this year had been a wonderful year for the stablecoin due to its growth and settlement with the New York Attorney General. His exact statement was as follows.
2021 has been a wonderful year so far!
– AG settlement
– Periodic attestation
– 50B mark
And this is only the beginning. We have so much planned for 2021 and 2022… it will be just mind-blowing!
To note is that Tether’s market cap has been increasing at the rate of roughly $10 Billion per month. Therefore, chances are that its market cap hits $100 Billion later this year or early next year.