Tether, the issuer of the USDT stablecoin, has authorized the issuance of another 1 billion coins on the Tron network. The last time it replenished its reserves was in December 2023. Then Tether also printed 1 billion USDT.
💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,000,497,499 USD) minted at Tether Treasuryhttps://t.co/MemZiSBIW2
— Whale Alert (@whale_alert) January 9, 2024
The capitalization of the stablecoin Tether continues to grow. At the time of writing, it exceeded $94 billion, according to TradingView:
Note that at the end of 2023 this figure was $91.66 billion. According to DeFiLlama, USDT's dominance in the market exceeded 70.6%. For comparison, in December last year it was 70.2%.
At the beginning of December 2023, Tether received about $1.1 billion in unrealized profits from its investments in Bitcoin.
Source: Cryptocurrency
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