USDT Soars: Tether’s Market Cap Breaks $150 Billion as Stablecoin Dominance Expands
Tether (USDT) has reached a historic milestone, surpassing $150 billion in market capitalization for the first time. This achievement underscores its growing dominance in the stablecoin market, now holding a 61% share globally. The surge in demand, partly attributed to the reelection of Donald Trump as U.S. President, has driven a 36% increase in circulating supply over the past year. As of May 13, 2025, Tether continues to solidify its position as the leading stablecoin, with its widespread adoption and liquidity fueling further growth in the cryptocurrency sector.
Tether’s Market Cap Surpasses $150 Billion Amid Stablecoin Dominance
Tether (USDT) has achieved a historic milestone with its market capitalization exceeding $150 billion for the first time. The stablecoin’s circulating supply grew by 36% over the past year, bolstered by heightened demand following the reelection of Donald Trump as U.S. President. Tether now commands 61% of the global stablecoin market, reinforcing its position as the sector’s undisputed leader.
Active stablecoin wallets have surged by more than 50% year-over-year, climbing from 19.6 million to 30 million, according to Artemis data. This growth underscores the expanding utility of stablecoins in digital asset markets. Tether is intensifying its lobbying efforts in Washington, signaling ambitions to further entrench its dominance in the U.S. financial landscape.
Abraxas Capital Amplifies Ethereum Rally with Strategic DeFi Borrowing
Abraxas Capital has emerged as a significant force in Ethereum’s recent price resurgence, deploying decentralized finance strategies to accumulate ETH. The investment firm borrowed $240 million in USDT from Aave, funneling the liquidity through Binance to capitalize on dips below $2,500.
Ethereum’s volatility proved advantageous for the fund, which executed buy orders when ETH retreated to $2,454.45. This pattern mirrors Abraxas’ weeks-long accumulation strategy, positioning it among the most aggressive institutional buyers during Ethereum’s recovery phase.
The move highlights sophisticated capital deployment in crypto markets, where traditional investment firms now leverage DeFi protocols like Aave for liquidity efficiency. Market observers speculate whether this signals a broader institutional trend of using decentralized lending to amplify crypto exposure.
XRP Overtakes Tether to Reclaim Third-Largest Cryptocurrency Spot
Ripple’s XRP has surged past Tether (USDT) to reclaim the third-largest cryptocurrency by market capitalization for the first time since 2021. Trading at $2.49 with a brief spike to $2.60, the rally signals renewed investor confidence in the asset.
On-chain data reveals a notable shift: whale outflows have slowed while dormant wallet activity suggests accumulation. This combination of cooling whale movements and reactivated wallets implies potential base-building—a sign this breakout may extend beyond short-term speculation.
The milestone marks a pivotal moment in XRP’s recovery trajectory. Market observers now watch whether the token can sustain momentum beyond symbolic positioning, as its technical and on-chain fundamentals show alignment with bullish sentiment.
