Over the past three months, the reserves of Tether, the issuer of the USDT stablecoin, have increased by $10 billion. Currently, the market capitalization of USDT exceeds $95 billion, holding a dominant position in the market with a 71.14% share. USDT may become the first stablecoin with a market capitalization of $100 billion.

It's worth noting that so far, only four cryptocurrencies have reached the $100 billion market capitalization milestone. Bitcoin achieved this level in October 2017, followed by Ethereum, XRP, and BNB, with the latter surpassing $110 billion in November 2021. Other cryptocurrencies such as Cardano, Solana, and Dogecoin have also approached this mark during the recent bull market.

At the end of 2023, Tether took a significant step towards diversifying its portfolio of cryptocurrency assets by investing in Bitcoin. This strategic purchase included acquiring 8,888 BTC, amounting to an impressive $380 million. This move not only strengthened Tether's position in the cryptocurrency market but also underscored their confidence in the long-term potential of Bitcoin as a leading digital currency.

The year 2024 promises to be even more promising for Tether. The company is actively working on developing and implementing a range of new products designed to solidify its market position. These innovations are likely to focus on improving user experience and expanding the functionality of their current offerings.