Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => USDT Forum => Topic started by: Rain075 on January 27, 2021, 07:56:04 PM
-
This latest milestone reflects the trust and growing popularity of Tether,” Paolo Ardoino, the CTO of Tether, shared with Crypto Briefing as the stablecoin surpassed the $25 billion benchmark.
Tether’s Unprecedented Growth
In January 2021, USDT supply grew from 21.07 billion to 25 billion, a 3.8 billion increase second only to the monthly issuance in September last year. Despite the pending lawsuit, the company continues to issue new tokens, which incited fear of a crypto market sell-off at the beginning of the month.
USDT supply increased by 5.5 billion during September 2020 as printing began on Aug. 30, 2020, with a total supply close to $10 billion. Tether’s supply at the beginning of the year was 4.1 billion. Its issuance accelerated in March after the global market plummeted due to the liquidity crisis sparked by COVID-19 lockdowns.
The stablecoin has grown steadily at a rate of 1.6 billion every month since the COVID-19 crash.
source link (https://cryptonews.net/457123/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
-
25,000,000,000 USDT is a lot of money and I think Paolo Ardonion has tremendous wealth as a result of creating USDT.
And that USDT value entered the cryptocurrency market, traded by all the investors who like big-class trading and this is a very serious achievement from Paolo Arduino.
Maybe next time Paolo Arduino will also be a top 5 famous person in the cryptocurrency market.
-
$25B market of USDT is huge only for a stable coin. Gradual increase the supply by the name of increasing demand is a matter of thinking to me. Whether they have reserved funds backed by USDT, or Crypto or Gold or real assets.
US Federal Reserve wants to hire a Manager to Research Stablecoins. I think it's a good decision to audit stable coin's functions.
-
A very big achievement from Tether because it is able to print Fiat in cryptocurrency and it can be backed up stably on every trade.
I think this is the real vision of Paolo Ardoino who is able to change everything in creating a stable and proven coin for Tether that is able to print 25,000,000,000 USDT. Oh My God!
-
This is very good news as the current stable coin has invested USD 25 million. The cryptocurrency market will thus gradually improve. In this way, by slowly investing in the market, the exchange will be able to reach further improvement.