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With a market value of $56 billion, Dogecoin (DOGE) has surpassed Tether (USDT) as the world’s most expensive stable coin.

Dogecoin (DOGE) has surpassed Tether (USDT) as the world’s most valuable stable coin (USDT). After a roughly 15% increase in the last 24 hours, the meme-based blockchain reached the top 5 digital assets chart. On 4 May, the overall market cap of Dogecoin surpassed $56 billion, according to Coinmarketcap. DOGE is now trading at $0.44, a new all-time high.

In the last 30 days, Dogecoin has increased by 700%.

Over the last 30 days, the world’s fifth-largest cryptocurrency has increased by more than 700 percent. Of the top ten cryptocurrencies, it continued to be the best-performing. Since the beginning of the year, DOGE has risen by nearly 10,900%. This year, Dogecoin started at a price of almost $0.004. Over the last 24 hours, the meme-based cryptocurrency saw a significant rise in demand from retail and institutional buyers, with overall trade volumes of the world’s 5th most valued crypto increasing significantly throughout various trading platforms. Dogecoin is currently worth more than the joint market capitalizations of Credit Suisse and Deutsche Bank, two of the world’s largest financial institutions.

The acceptance of cryptocurrencies is continuing to rise.

A surge in cryptocurrency popularity worldwide is one of the leading causes of Dogecoin’s recent price increase. Retail and academic use of DOGE has improved dramatically this year compared to 2020. The Latvian airline airBaltic announced earlier that DOGE and other cryptocurrencies would be accepted as a payment option for ticket bookings. The Dallas Mavericks, an American professional basketball club, were the first in the NBA to recognize Dogecoin for tickets and merchandise during the same month. Coinflip, the largest crypto ATM provider in the United States, recently revealed that Dogecoin had been added to its 1,800 ATMs around the country in an attempt to make DOGE more accessible to the general public.

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