Stablecoin Supply USDT Exceeded $ 6 Billion



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Stablecoin Supply USDT Exceeded $ 6 Billion

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The total volume of coins issued by the stablecoin USDT reached $ 6.2 billion, according to information on the Tether website.

This number also includes coins that are not yet distributed among investors, but were issued for future projected demand.

At the same time, popular aggregators show the values โ€‹โ€‹of only coins in circulation. USDT capitalization on this indicator at the time of writing is $ 4.3 billion.

At the same time, glassnode service reported a record amount of USDT on exchange wallets – 1.4 billion.

๐Ÿ“ˆ $ USDT Balance on Exchanges (1d MA) just reached an ATH of 1,416,099,158.138 USDT

Previous ATH of 1,389,971,743.052 USDT was observed on March 27, 2020

Earlier in March, Tether authorized the issue of four tranches of 240 million USDT. Some took it as a signal of upcoming purchases of bitcoin by whales, others as an attempt by investors to find salvation from the weakening of fiat currencies.

It is worth noting that against the background of falling financial markets and the collapse of the price of bitcoin, the volume of transactions with stablecoins for the incomplete first quarter exceeded $ 90 billion. Tether accounts for the lion’s share of the market.

Stablecoin Supply USDT Exceeded $ 6 Billion



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