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Tether has minted $ 1 billion USDT in the last 25 days

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Tether prints 2 billion USDT in a week

Tether has minted $ 1 billion USDT in the last 25 days

Tether has minted $ 1 billion USDT in the last 25 days
CONTENT

  • The volume of emission of new USDT coins is now about $ 40 million USDT per day.

  • Tether’s market capitalization now exceeds $ 7 billion.

  • Crypto Exchanges Continue to Accumulate Record USDT Volumes.

International consortium of news organizations developing transparency standards.

Tether continues to actively issue new coins. Over the past 25 days, the Treasury has issued over $ 1 billion USDT coins, equivalent to $ 40 million per day.

During the COVID-19 pandemic and the economic crisis caused by the virus, the volume of USDT stablecoins in circulation has registered an unprecedented increase. In terms of the number of days, on average, Tether issued tens of millions of USDT daily.

Tether has minted $ 1 billion USDT in the last 25 days

$ 40 million USDT per day

Earlier, the editors of BeInCrypto have already compared Tether’s Treasury to the Fed of a local cryptocurrency spill. Members of the cryptocurrency community are used to criticizing traditional monetary and financial authorities for massively pumping liquidity into the economy. So, as of March 28, the US Federal Reserve was printing $ 60 million every minute..

However, even those numbers pale in the face of Tether’s sweep. Recently, according to the project’s own statistics, the market capitalization of its assets in USDT was $ 7.1 billion. It is noteworthy that the most aggressive growth was observed in the last 25 days, when this indicator increased by about $ 40 million daily..

Tether market cap hits $ 7 billion

$ 1 billion issued in 25 days = 40m $ USDT a day pic.twitter.com/9u67wqrb58

– unfolded. (@cryptounfolded) April 21, 2020

The company has flooded the market with its new USDTs so much that new types of tokens appear on some token exchanges as the use of cryptocurrencies grows. They can represent value or something intangible like voices. Two … More began bargaining at a premium. In general, since the beginning of the year, the size of USDT assets has grown by 56%. Now Tether’s share in the cryptocurrency market is over 3%.

Demand growth?

Tether has minted $ 1 billion USDT in the last 25 days

The main catalyst for this trend may be the high demand for stablecoins. Stablecoins – literally translated from English “stable” coins – continue to gain popularity in the digital asset market. With … More on the part of cryptocurrency exchanges, and they are not stopped even by doubts about the security of all USDT with US dollars. Recall that back in February, we talked about a number of technical problems and failures on the Binance exchange, one of the reasons for which was the shortage of USDT when executing buy orders.

Apparently, in the face of extreme global uncertainty on the crypto market, there is still an increased interest in stablecoins. In all likelihood, now they seem to be a very attractive option for all investors who are afraid of the volatility of cryptocurrencies, but do not want to completely leave the crypto market..

Accordingly, stablecoins, declared as digital assets with a stable value, appear to investors as an island of safety and a kind of bridge between virtual and fiat currencies..

As of April 19, the size of assets in USDT on crypto-exchanges was $ 1.6 billion. However, it should be emphasized that all this growth in demand did not in any way affect the indicators of trading volumes. This once again indicates that investors are taking a cautious and wait-and-see attitude by simply parking their funds in stablecoins..

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