In other notable developments, the stablecoin market leader, Tether, is witnessing a massive surge in small-scale transfers of its USDT token. Reports indicate that USDT has moved $156 billion in these smaller transfers.

This significant volume is occurring while the company publicly targets an ambitious valuation of $500 billion. This surge in activity underscores Tether's broadening reach and expansion plans, signaling robust utilization of the stablecoin beyond large institutional movements