Tether sees $5 billion in inflows in one month, accounting for more than half of all stablecoins

It has been revealed that stablecoin Tether (USDT) has attracted more than $5 billion in funding over the past month.
Paolo Ardoino, CEO of Tether, said through X that “USDT’s market cap is
"The value of stablecoins has increased by more than $5 billion in the past month," the company said. Stablecoins are cryptocurrencies that minimize price volatility by pegging their value to fiat currencies.
Currently, the total stablecoin market capitalization is $250.2 billion, with USDT accounting for more than half ($153.1 billion).