Tether achieves record $150.2B market cap (18 July) while deploying $2.1B in AI infrastructure, balancing stablecoin dominance with tech diversification amid regulatory scrutiny.
USDT’s market capitalization reached an unprecedented $150.2 billion on 18 July 2023, cementing its stablecoin dominance while parent company Tether commits $2.1B to AI infrastructure projects.
Current Updates (since 20 June 2023)
Last week’s transparency report (12 July 2023) revealed Tether’s Q2 profits surged 48% YoY to $1.48B, with 97% of reserves in cash equivalents. This month’s $2.1B investment in German AI firm Northern Data Group (5 July) marks crypto’s largest infrastructure play since FTX’s collapse.
Historical Comparison
Context: When Circle’s USDC lost $10B in market cap during March 2023’s banking crisis, Tether gained 22% market share. Current treasury holdings ($98.7B) now exceed JPMorgan’s 2022 corporate bond portfolio valuation.
Yesterday’s market data shows USDT capturing 67% stablecoin dominance – its highest since December 2020’s DeFi boom. The $5.8B excess reserves now triple requirements set after May 2022’s TerraUSD collapse.
