Tether Holdings' USDT stablecoin has achieved a major landmark by momentarily exceeding a $100 billion circulation and market cap, distinguishing itself as the first stablecoin to attain this scale.

Designed to mirror the US dollar on a one-to-one basis, USDT has seen its circulation grow by more than 9% since the outset of the year.

This milestone underscores the increasing trust and reliance users place on USDT in the digital currency landscape and marks a significant moment for Tether as it continues to expand its influence and usage across the global financial ecosystem.

The achievement not only reflects the rising adoption of stablecoins but also highlights the pivotal role of USDT in facilitating stable and efficient digital transactions.