Just one month ago, the market was valued at $172 billion, reflecting a demand for approximately $9 billion in stablecoins over the last 30 days.
The stablecoin market has surged to $181 billion, fueled by Bitcoin and the broader crypto market’s historic rally. Just a day ago, Tether (USDT) minted an additional $1 billion USDT, following a $2 billion issuance three days prior. In total, Tether has minted $7 billion USDT since November 6.
This influx of USDT has sparked renewed interest in the crypto market, supporting the ongoing bull run. Bitcoin, for example, recently reached a new all-time high of $93,500, having rallied roughly 40% in the last two weeks from $66,800. The leading cryptocurrency has been setting new peak values almost daily, intensifying since Donald Trump’s U.S. presidential election this month.
As Bitcoin hovers above $90,000, the pathway to the highly anticipated $100K milestone appears more attainable than ever.
Meme Coin Bull Run Frenzy Amid Tether’s $7B Printer
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