According to news on May 10, with the expansion of the US banking crisis and the deepening of regulators' crackdown on encryption companies, investment in the encryption field is turning to encrypted assets that are considered relatively safe. Tether has been the best performer among stablecoins, with its market cap surging since March. Anders Kvamme Jensen, founder of AKJ Global Brokers and digital asset expert, said: "The banking crisis is fueling 'hyperbitification' - the dollar will become worthless, which is the inevitable outcome." This is driving people to Bitcoin. Top cryptocurrencies like Bitcoin and Ethereum. Meanwhile, stablecoins like Tether (USDT) are seen more as a store of value, a tool to facilitate transfers between cryptocurrencies, and also as collateral for derivatives transactions. Conor Ryder, a research analyst at Kaiko, a digital asset data provider, said Tether's premium reflects trust in its anchor and the SEC's perception of its security