Tether, the largest stablecoin in the market, has seen its market capitalization hit a new record high, exceeding $83.2 billion. 
The stablecoin, which is pegged at one-to-one with the U.S. dollar and is backed by reserves of cash and cash-equivalent assets, has recovered the $20 billion in market value it lost following the collapse of rival stablecoin TerraUSD last year….
Read More: Tether Stablecoin Recoups Lost Market Value in 2022 Crash, Topping $83.2 Billion