Tether’s USDT sets new all-time high in spite of regulatory concerns

The market capitalization of Tether’s USDT has surpassed the previous all-time high of $83.2 billion, according to a June 1 statement from the stablecoin issuer. Data from DeFillama showed that around half of USDT’s circulating supply, 42.86 billion, is sitting on the Tron blockchain, while 33.37 billion of its supply is on Ethereum.