Tether Reclaims $20B After TerraUSD Collapse, Reaches Record High

• Tether has achieved a record-breaking market capitalization of $83.2 billion, regaining the $20 billion it lost in the aftermath of the TerraUSD collapse last year.
• Thanks to its proven resilience and transparency practices, customers are recognizing the value that Tether brings to the table.
• USD Coin (USDC) is currently holding a market cap of around $29 billion, significantly lower than its peak of over $56 billion.

Achievement of Record-Breaking Market Capitalization

Tether has achieved a record-breaking market capitalization that surpasses a staggering $83.2 billion, successfully regaining the $20 billion in market value it had lost in the aftermath of the TerraUSD stablecoin collapse last year. Paolo Ardoino, the Chief Technology Officer of Tether, expressed his thoughts on these impressive figures, stating: „Today’s statistics unequivocally illustrate the strong desire people have for financial autonomy. Once granted this opportunity, they eagerly embrace it.“

Unwavering Commitment to Transparency

Thanks to its unwavering commitment to industry-leading transparency practices, Tether’s ability to weather market volatility has solidified its reputation as a trustworthy entity. Consequently, customers are responding in kind, recognizing the value Tether brings to the table.

Dominance Over Other Stablecoins

Researchers at Kaiko reveal that Tether is utilized in over 50% of all transactions conducted on centralized exchanges, underscoring its dominance and widespread adoption in the crypto trading sphere. USD Coin (USDC), currently boasts a market capitalization of approximately $29 billion which is significantly lower than its peak of over $56 billion according to data from CoinGecko.

On The Flipside

While Tether managed to recover its lost market value last year other stablecoins did not experience similar success rates due to investor apprehension during turbulent times that shook up cryptocurrency markets across many countries worldwide..


In conclusion, thanks to intense commitment towards transparency and resilience against volatile markets conditions alongside other factors such as convenience and customer confidence; Tether has emerged as one if not thee preferred choice for traders through their recovery period and beyond with no clear signs yet point towards any significant decline or disruption in their continued success story anytime soon.