Odaily Planet Daily News Tether announced yesterday that the market value of USDT hit a record high, exceeding 83.2 billion US dollars, higher than the peak set in May 2022.

Paolo Ardoino, Chief Technology Officer of Tether, said, "The latest data shows that people want to gain financial freedom and once they have this opportunity, they will take advantage of it. Tether token provides a safe haven for people without bank accounts, allowing emerging markets People retain purchasing power even as their national currencies depreciate. With our proven resilience in the face of market volatility and industry-leading transparency practices, Tether has proven it can be trusted, and customers do the same We have responded. We are eager to maintain a strong focus on emerging markets and will work unwaveringly to expand financial freedom around the world."
According to CoinGecko data, as of June 2, the market value of USDT exceeded 83.37 billion US dollars.
According to previous reports, Tether’s net profit in the first quarter reached US$1.48 billion, more than doubling from the previous quarter. $960 million in the fourth quarter of 2022.