Tether, the leading stablecoin by market capitalisation, has achieved a new milestone by reaching a $100 billion market cap.

This significant growth represents a 9% increase since the start of the year, further widening its lead over its closest competitor, the USD Coin (USDC), which is issued by Circle.

On March 4, Tether's market cap saw a notable rise, solidifying its position at the top of the stablecoin market, more than $71 billion ahead of USDC.

This achievement underscores Tether's dominant role in the cryptocurrency space and its increasing market presence.