The post Tether Mints $1B USDT on Ethereum, November Total Hits $16B appeared on BitcoinEthereumNews.com.

Tether has minted an additional $1 billion USDT on the Ethereum blockchain, marking a significant move in stablecoin circulation. This brings Tether’s total minting to $16 billion for November alone, signaling heightened demand for stablecoins across crypto markets. The increase aligns with growing liquidity needs as traders and institutions seek stability amid market volatility. Tether’s expanding supply continues dominating the stablecoin market, reinforcing its pivotal role in trading and DeFi activities globally. Meanwhile, Tether’s USDT surge, boosted its market cap by 10.5% to $133 billion, dominating with a 69.9% market share. Source: https://coinpedia.org/crypto-live-news/tether-mints-1b-usdt-on-ethereum-november-total-hits-16b/

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Filed under: News - @ November 30, 2024 5:25 am