Tether, the issuer of the USDT stablecoin, has minted 7 billion USDT in the last three months, pushing the total supply beyond 90 billion tokens. The rising amount of USDT in circulation coincides with Tether’s recent crackdown on the illicit use of its stablecoin.

As of press time, USDT’s market capitalization stands at $90.6 billion. This marks a notable 9% increase, solidifying USDT’s position as one of the fastest-growing stablecoin in the current year.

What USDT Increasing Supply Means

Observers have suggested that the substantial increase in USDT’s supply reflects improved market conditions and enhanced traders’ confidence.

USDT, being the largest dollar-pegged stablecoin in the market, has emerged as a vital conduit for crypto trading activities. Data from BeInCrypto shows that it is one of the most used digital assets, with a trading volume nearing $30 billion during the past day.

Tether USDT Supply
Tether’s USDT Year-to-Date Market Capitalization. Source: Tradingview

The rising supply is also a signal of new market entrants and increased trading activities among existing participants.

“Around 80% o

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Author: Oluwapelumi Adejumo

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