The cryptocurrency market is booming, and the market value of Tether's stablecoin USDT has exceeded 100 billion US dollars in a short time! Recently, according to CoinGecko data, as the cryptocurrency market continues to boom, the market value of USDT, a stable currency issued by Tether, exceeded US$100 billion for the first time in history. Although Tether website data shows that the issuance of USDT tokens is approximately 99.5 billion, on some trading platforms, the price of the token has a small premium relative to its $1 peg.This achievement can be said to be a reflection of hard core strength! It is worth noting that the current exchange rate of USD to RMB is 1:7.2, but the OTC platform has risen to 1:7.42, a premium of 3.056%. This may mean that the market’s demand for cryptocurrencies is growing and investors’ confidence in the cryptocurrency market is gradually increasing.So, what is the reason behind this phenomenon?On the one hand, the recent boom in the cryptocurrency market has attracted more and more investor attention. On the other hand, as central banks around the world launch digital currencies, the market’s recognition of digital currencies is gradually increasing. These factors combined to drive the surge in USDT’s market capitalization.However, market prosperity also comes with risks. During the investment process, everyone must remain rational and never follow the trend blindly. Here, we also call on everyone to speak freely in the comment area and share your opinions and investment experience, so that we can learn and make progress together!Finally, I wish everyone good luck in your investment and lots of money!
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