Tether CEO: USDT market value reaches 91 billion USD, with an excess reserve increase of about 4 billion USD by 2023
Tether CEO Paolo Ardoino stated on Twitter that the market value of USDT has reached approximately 91 billion dollars, and it set new market value highs almost every day in the last quarter. In 2023, Tether added about 4 billion dollars in excess reserves to its stablecoin composite reserve. Over the past few years, Tether has also co-founded several projects and supported multiple companies (using part of its profits outside of the stablecoin composite reserve). In 2024, the team plans to launch several new products and consolidate existing ones.
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