The market cap of stablecoin USDT has reached a new peak amid active discussions on global stablecoin regulation.
USDT's Record Achievement
USDT's market cap achieved a record $141.76 billion during the early Asian trading hours. As the leading stablecoin, USDT continues to maintain its peg to the US dollar while showing steady growth in market capitalization.
Factors Behind the Rise of USDT
Recently, Tether partnered with the leading UAE real estate platform, Reelly Tech. UAE's leading role in crypto regulation and innovations supports USDT's strengthening position globally.
Progress in Stablecoin Regulation
Stablecoin regulation is actively discussed in the US and the UK. The US Financial Committee released a bill focusing on stablecoin regulation, while the UK announced its plans to implement similar measures.
The rise in USDT market capitalization and moves towards stablecoin regulation highlight the significant role stablecoins play in the modern crypto economy.
