New $6B in USDT Issued in 20 Days as Tether Market Cap Hits $150B

Axel Adler Jr., a verified on-chain and macro analyst with CryptoQuant, reports that over the past 20 days, more than $6 billion in cash has entered the crypto markets

According to data from CryptoQuant, a macroeconomic and on-chain analysis firm, over the past 20 days, more than $6 billion in cash has entered the crypto markets through newly issued USDT (Tether).

This massive injection brings Tether’s total market capitalization to $150 billion — a new all-time high for the leading stablecoin.

This fresh capital appears to have had a wide-reaching effect across the crypto market. While Bitcoin dominance has recently declined, Ethereum has gained market share, suggesting that some of the newly minted USDT may have been diverted into altcoins rather than solely into BTC.

A growing USDT market cap often signals increased liquidity and buying power entering the ecosystem. The correlation between the rising Tether supply and price movements in major crypto assets is closely watched by analysts.

In this case, the data suggests a potential shift in investor appetite toward altcoins, particularly as Ethereum’s dominance grows.