Tether’s reported $10 billion market cap comes after year-to-date growth of 144% — with Tether representing $4.1 billion at the start of 2020.
However, data aggregators are at odds on Tether’s capitalization, with CoinGecko and CoinMarketCap estimating USDT’s market cap to be just over $9 billion.
USD Coin and Binance USD post strong growth
The second-largest stablecoin by market cap, Circle’s USD Coin (USDC) has also seen triple-digit growth since early January — increasing from less than $450 million to over $930 million today.
USDC has steadily grown since launching in October 2018 to currently comprise the 18th-largest crypto asset overall.
Since launching in September of last year, Binance’s USD stablecoin BUSD has quickly emerged as a major