{"id":129088,"date":"2025-05-12T19:16:46","date_gmt":"2025-05-12T19:16:46","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129088"},"modified":"2025-05-12T19:16:46","modified_gmt":"2025-05-12T19:16:46","slug":"usdt-market-cap-hits-150b-for-first-time-as-tether-eyes-us-expansion","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129088","title":{"rendered":"USDt market cap hits $150B for first time as Tether eyes US expansion"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsTether\u2019s USDt (USDT) surpassed a $150 billion market capitalization for the first time on May 12, marking a new milestone amid growing stablecoin adoption.<br \/>\nUSDt\u2019s circulating supply has expanded by over 36% in the past year, with growth accelerating in November following the election of US President Donald Trump.<br \/>\nUSDt\u2019s market cap growth over the past year. Source: CoinMarketCapAt its current supply, Tether accounts for 61% of the global stablecoin market, according to CoinMarketCap data. It\u2019s followed by Circle\u2019s USDC (USDC), which accounts for nearly 25% of the stablecoin market.\u00a0<br \/>\nAs the world\u2019s largest stablecoin, Tether is widely viewed as a barometer for cryptocurrency demand, given its central role in providing liquidity and funding for crypto trading.<br \/>\nTether is part of a broader trend toward digital fiat currencies, with recent data from Dune and Artemis showing that the number of active stablecoin wallets has surged more than 50% over the past year, from 19.6 million to 30 million.<br \/>\nRelated: $1T stablecoin supply could drive next crypto rally \u2014 CoinFund\u2019s Pakman<br \/>\nTether eyes US reboot<br \/>\nDespite its large presence globally, Tether\u2019s usage is restricted in the United States, a country now at the forefront of pro-crypto legislation.<br \/>\nAgainst this backdrop, Tether is planning to enter the US with a new dollar-backed stablecoin later this year.<br \/>\n\u201cA domestic stablecoin would be different from the international stablecoin,\u201d Tether&#8217;s CEO, Paolo Ardoino, reportedly said on the sidelines of the Token2049 conference in Dubai, United Arab Emirates.\u00a0<br \/>\nAccording to a CNBC report, Tether is increasing lobbying efforts in Washington as US lawmakers consider several stablecoin-related bills, including the STABLE Act, introduced by House Financial Services Committee Chair French Hill and Digital Assets Subcommittee Chair Bryan Steil.<br \/>\nFormer CFTC Chair Timothy Massad delivers remarks at a Feb. 11 House committee meeting. Source: GOP Financial ServicesHowever, the STABLE Act has drawn criticism. As reported by Cointelegraph, former Commodity Futures Trading Commission Chair Timothy Massad argued the bill would do little to rein in Tether.<br \/>\nSpeaking during a Feb. 11 hearing of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, Massad said the proposal poses \u201cfar too much risk of weak state standards\u201d and suffers from \u201can inadequate review process,\u201d noting the lack of \u201congoing federal supervision of state issuers.\u201d<br \/>\nRelated: US crypto bills compared: STABLE Act vs GENIUS Act<a href=\"https:\/\/cointelegraph.com\/news\/tether-market-cap-150-billion-first-time?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsTether\u2019s USDt (USDT) surpassed a $150 billion market capitalization for the first time on May 12, marking a new milestone amid growing stablecoin adoption. USDt\u2019s circulating supply has&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129088"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129088"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129088\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129088"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}