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Tether’s (USDT) Market Cap Has Increased by 45% in 2021 Exceeding $30B

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Tether’s (USDT) market cap has increased by 44.9% since the beginning of 2021 hitting $30.33 BillionDemand for stablecoins has increased as traders look for fiat onrampsFurthermore, DeFi on both Tron and Ethereum has accelerated the use of USDT

The market capitalization of Tether (USDT) has increased by a whopping 44.9% since the beginning of 2021 to hit a new all-time high of $33.334 Billion. This is according to data by the team at CryptoRank Platform who shared their observation of the growth by Tether via the following statement and accompanying chart.

Tether Market Capitalization Crossed $30 Billion $USDT cap has shown a growth of 44.9% from the beginning of 2021: $20.94B —> $30.35B.
Tether's (USDT) Market Cap Has Increased by 45% in 2021 Exceeding $30B 14

Stablecoins Being Used as Fiat Onramps

As crypto adoption continues to gather steam across the globe, stablecoins such as Tether (USDT) are providing the ideal fiat on-ramps for traders and investors wishing to get in on the crypto trading action. Stablecoins are ideal for traders and investors who want to sit on the sidelines as they look for an ideal entry into Bitcoin, or any other digital asset.
This fact has been identified and pointed out by several traders such as Coiner-Yadox in the following observation made earlier this week before Bitcoin pumped to all-time highs.
btc exchanges reserves (orange) *still* continues to decrease

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