Tether's USDT is a stable asset with a large supply of commodities, and the company's market capitalization rose by about $1 billion as investors with access codes escaped from competitor Binance U.S., which was subject to regulatory scrutiny earlier this week.

USDT's market capitalization has increased from $68.5 billion to $69.5 billion since Monday, according to CoinGecko, a cryptocurrency price tracking group. It was also the highest since landing in the volatile password market last June, when traders were betting on the decline of Tether.

Tether's recent rise coincides with a rapid decline in the value of the dollar publicly issued by Parksos under the trading center leader Binance brand.

Block chain data from password intelligence company Nansen show that Parksos has burned down more than $1.8 billion worth of use since Monday morning.

During this period, the market capitalization of the bi yuan has fallen from $16.1 billion to $14.3 billion, a decline of 11%, according to CoinGecko statistics.

As US regulators step up work pressure on Parksos and BYD, the third-largest lender, the $136 billion stable financial market is under way to regroup.

On Monday, citing an order from the New York City Financial Services Center (NYDFS), Paxos announced that it would stop forging dollars after Feb. 21. In addition, WJB reported earlier this week that the Securities and Exchange Commission (SEC) was about to file a lawsuit against the company for selling unregistered securities.

Although Paxos's other stable currency, the seventh largest Paxos dollar (USDP), avoided regulatory investigation and analysis, tokens experienced net redemptions of about $100m, leading to an 11 per cent drop in supply.

A stable currency is a cryptographic currency whose price is fixed on external property, such as the US dollar. If the need for stable coins wobbles, publishers will reduce supply by removing tokens from the circulation of goods, a practice known as incineration to keep prices pegged.

Other small-cap stabilization funds, such as Circle's USDC and MakerDAO's DAI, have not changed, suggesting that investors have poured into USDT from US dollars or sold their holdings in exchange for currency and other digital assets.

McGregor Jingdong, an investment analyst at Kaiko, a digital asset research center, told WJB,Tether earlier this week that it was a "significant winner" of a smooth shift in asset markets.