Tether Treasury minted a whopping 80 million USDT in less than 24 hours.
XRP had been struggling after the COVID-19 market sell-offs that occurred in March.
Tether is still the only stablecoin with a market capitalization greater than $1 billion.
The organic growth of Tether’s market capitalization is one of the major reasons for the gain Bitcoin (BTC) is presently having in the mid-term.
Tether has become the third most valuable cryptocurrency trading at $1 at the time this report was drafted, has a market capitalization of $8.803 Billion