Tether Expands USDT Supply by $3B Amid Market Growth
TL;DR Summary
Tether has minted an additional $3 billion in USDt stablecoins on the Ethereum and Tron networks amid increased trading volume, particularly as Bitcoin approaches $100,000. This brings the total USDt in circulation to over $134 billion. The surge in stablecoin minting is seen as a bullish indicator for the crypto market, coinciding with Bitcoin's price rally following Donald Trump's election. Tether's growth is further supported by Cantor Fitzgerald's acquisition of a 5% stake in the company, valued at over $600 million.
- Tether mints an additional $3B in USDt stablecoins Cointelegraph
- Tether Mints Additional $3B in USDt Stablecoins Amid Crypto Surge MSN
- Tether has minted over $3 billion in USDT crypto.news
- Tether Mints 2 Billion USDT Tokens for Inventory Replenishment on the Ethereum Network DailyCoin
- Tether mints another 3 billion dollars in USDT: market cap soars above $130B The Cryptonomist
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