On CoinGecko, we are seeing USDT circulation reaching 9 billion. This puts the market capitalization for Tether at over $9 billion, position #3 after Bitcoin and Ethereum.
Interest return from earning USDT via lending seem to be around 5%, which is relatively high compared to other popular stablecoins such as USDC and DAI. This is likely due to Tether enjoying high demand and liquidity on exchanges.