Affected by market FOMO sentiment, USDT’s market value exceeded US$100 billion at a slight premium.

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Cointime2024/03/05 00:22

By:Cointime

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.

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