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Tether Expands USDT Supply by $3B Amid Market Growth

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Source: Cointelegraph
Tether Expands USDT Supply by $3B Amid Market Growth
Photo: Cointelegraph
TL;DR

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.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#ethereum#stablecoins#tether#usdt
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  1. Tether mints an additional $3B in USDt stablecoins  Cointelegraph
  2. Tether Mints Additional $3B in USDt Stablecoins Amid Crypto Surge  MSN
  3. Tether has minted over $3 billion in USDT  crypto.news
  4. Tether Mints 2 Billion USDT Tokens for Inventory Replenishment on the Ethereum Network  DailyCoin
  5. Tether mints another 3 billion dollars in USDT: market cap soars above $130B  The Cryptonomist

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