Tether market cap hits all time high Insights Stablecoins
Tether market cap hits all time high
While, Tether trade volume hits all-time low which includes both CEXs and DEXs
Quick Take
- Tether’s market cap has just hit an all-time high of $83.2 billion.
- However, according to Kaiko’s research, Tether’s trade volume is at multi-year lows; this includes both CEXs and DEXs, which had a daily USDT volume of around $7 billion in May.
- Currently, the total market cap of the top 5 stablecoins is $124.2 billion, broken down as follows:
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
