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.
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