USDT market cap hits $120B: How Tron, Ethereum played a role

Quick Summary:

USDT market cap has surged past $120 billion, driven by its trading volume on Ethereum and Tron.

Layer 2 solutions, such as Arbitrum and Optimism, are also increasingly supporting USDT transactions, adding to its growing presence across various blockchain networks.

However, with its deep liquidity, strong user base, and presence on multiple blockchains, USDT is well-positioned to maintain its dominance in the stablecoin sector.

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Article Details

Author / Journalist: Adewale Olarinde

Category: Crypto

Markets: United States

Topics: Social Trading View News 1 Ambcrypto News Stablecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 05:00:52 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23211412

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 16 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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