Tether Mints 1 Billion USDT on Ethereum Amid Abu Dhabi Bitcoin Conference, Total Supply Hits 20 Billion

Dec 11, 2024, 01:57 PM

Tether has minted 1 billion USDT on the Ethereum blockchain, bringing the total USDT supply on Ethereum and Tron to 20 billion since November 6. This significant minting occurred while the Bitcoin Conference was taking place in Abu Dhabi, raising questions about the timing. The market cap of USDT now stands at $138.6 billion, with the total stablecoin supply surpassing $200 billion for the first time. This move has led to speculation about the future of stablecoins and potential market impacts.