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Tether mints more coins to break $60 billion market cap By Cointelegraph

Tether mints more coins to break $60 billion market cap

Tether (USDT), the world’s largest stablecoin by market capitalization, continues to develop regardless of record-breaking cryptocurrency outflows triggered by Elon Musk’s (BTC) criticism.

On Monday, Tether’s market cap hit $60 billion for the primary time in historical past, marking one other milestone of the stablecoin’s progress. According to knowledge from Tether Transparency, USDT market worth quantities to $60.4 billion on the time of writing, up over 580% from one yr in the past.

Tether market cap one-year chart. Source: CoinMarketCap