Tether’s reported $10 billion market cap reportedly recorded a 144% surge regarding its year-to-date boost – with Tether total value stood at $4.1 billion at the beginning of this year.
Nonetheless, data aggregators are reportedly in conflict on Tether’s capitalization, with CoinGecko and CoinMarketCap generated estimation of USDT’s market cap to reportedly be a bit above $9 billion.
The second biggest stablecoin Circle’s USD Coin (USDC), market cap-wise, has reportedly also experienced a steep incline in value since the beginning of 2020, climbing from under $450 million to more than $930 million today.
USDC has reportedly undergone a gradual development ever since its release in October 2 years ago, to achieve its current rank of the 18th-largest crypto asset overall.
Since its introduction in September 2019, Binance’s USD stablecoin BUSD has reportedly stepped up in the process of securing the status of a major player in the stablecoin field – staying at the 4th position at the moment among stablecoins with an approximate market cap of $166 million.
Binance has reportedly had an 875% to its initial $17 million at the beginning of 2020, standing at the 49th on the list of crypto asset in the market.