Stablecoin issuer Tether minted an additional $3 billion in USDt tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets
Stablecoin issuer Tether (USDT) minted an additional $3 billion in USDT on November 23 amid increased trading volume in the crypto markets.
According to data from Arkham Intelligence, $2 billion in USDt was minted on the Ethereum blockchain, and an additional $1 billion USDt was minted on the Tron network in back-to-back transactions.
Meanwhile, data from Lookonchain shows that Tether has minted approximately $13 billion USDt since November 8, 2024.
On November 24, Tether CEO Paolo Ardoino stated, "In 2025, Tether will need to reach hyper-productivity to accomplish our grand vision."
Stablecoin volume is often used by traders and investors as a proxy to gauge interest in the crypto markets. A high volume of newly minted stablecoins is regarded by many traders as a bullish sign for price action, while low volume indicates the opposite.
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