Tether Holdings’ USDT stablecoin has surpassed a significant milestone, exceeding $160 billion in market capitalization. According to data from major blockchain analytics providers, the world’s dominant stablecoin achieved this valuation through consistent demand for its peg to the US dollar and expanded utility across exchanges and DeFi protocols. This growth solidifies USDT’s position as the most widely used stablecoin globally by a substantial margin.
In separate market developments, digital asset exchange Bullish is actively preparing for an initial public offering (IPO) in the United States. Sources familiar with the matter indicate planning is underway, positioning Bullish as a major contender for a Wall Street listing amidst the crypto industry’s ongoing pursuit of regulated capital markets access. The planned IPO represents a significant move for the institutional-focused exchange operator.
These concurrent events underscore the maturity phases within the digital asset space. Tether’s expanding market cap reflects deepening stablecoin usage within the crypto economy, while Bullish’s planned IPO signals an ambition to integrate more fully into the traditional financial infrastructure.