According to Whale Alert, which shares the instant movements of important transfers in the crypto money sector, 1 billion dollars worth of USDT is now on the market.
Among stablecoins, Tether, the issuer of USDT, which is in the leadership seat with its market value, continues to grow by making USDT available on the NEAR network recently.
Total USDT Amount in the Market Near 70 Billion
According to Whale Alert data, $1 billion worth of USDT has been released on the Tron Blockchain network. Looking at the past periods, it is seen that Tether has generally put 9 billion USDT on the market this year.
Having made the first transaction at the beginning of this year, Tether’s USDT amount released in February, March, May, August and today’s 1 billion USDT in 2022 reached 9 billion.
💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,004,215,454 USD) minted at Tether Treasuryhttps://t.co/wFBmzBfSib
— Whale Alert (@whale_alert) September 15, 2022
According to the information on the website of Tether, which has reserves in currencies such as euro, Canadian dollar and yuan, there is 67 billion 883 million 438 thousand 459 dollars USDT in the market.
If we take a brief look at other stablecoins,
USDC ranks second with a market capitalization of $50.7 billion. In third place is Binance’s stablecoin, Binance USD (BUSD). The market value of BUSD is $20.5 billion.
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