Recent weeks have seen notable developments in the cryptocurrency market, including USDT's record market cap and initiatives from Orca and Aethir in decentralized finance.
Record Market Cap for USDT
CEO of Tether Paolo Ardoino announced that USDT's market cap has surpassed $160 billion, marking a new all-time high. He emphasized USDT's role as a 'digital dollar' for billions across emerging economies. Since 2020, USDT's market cap has grown 34 times (from $4.7 billion to $160 billion), with user count surging 160 times (from 2.8 million to 450 million).
Orca Launching Fairer Launchpad
Solana-based liquidity protocol Orca plans to launch its new Launchpad product in late July or early August. The key innovation is a mechanism designed to give real users priority access over bots during token launches, aiming to enhance fairness and user experience.
Aethir and Credible Launch Credit Card
Decentralized GPU cloud platform Aethir has partnered with lending protocol Credible Finance to launch the first DePIN credit card. ATH token holders can stake their tokens to receive stablecoin credit lines without liquidating their holdings.
These events highlight the rapid development of the cryptocurrency and decentralized finance sectors, as well as the importance of tokens and technologies that enable their use in real markets.
