Tether (USDT): new mints and the market cap of the stablecoin

Tether, the crypto company behind the world's largest stablecoin, minted another 3 billion dollars of USDT on November 23, on the Ethereum and Tron networks.

Tether has minted another 3 billion dollars in USDT, and the market cap soars above 130 billion dollars. From November 8 to today, Tether has minted about 13 billion dollars of USDT.

Tether (USDT): new mints and the market cap of the stablecoin

Tether, the crypto company behind the world’s largest stablecoin, minted another 3 billion dollars of USDT on November 23, on the Ethereum and Tron networks.

Tether minted another 3B $USDT!

#Tether has minted 13B $USDT since Nov 8!

https://t.co/L6XEBjYJpM pic.twitter.com/pOXlKiv9H8

In practice, according to the data reported by Lookonchain, Tether would have minted about 13 billion dollars of USDT since November 8, 2024.

Here too, such numbers can be a consequence of the Trump effect, given that just two days before the new mints of USDT, he won the 2024 USA presidential elections.

In any case, while the crypto rally is underway, the market cap of USDT has also started to soar. At the time of writing, the market cap of USDT is over 132 billion dollars. The CEO of Tether, Paolo Ardoino, shares the recently achieved milestone on Twitter:

132B $USDt

Tether (USDT): the growth and expansion of the largest stablecoin

Tether has minted significant amounts of USDT precisely to manage to respond to the euphoria of the crypto market, driven by Bitcoin (BTC) which is getting closer and closer to its target of $100,000.

At the time of writing, BTC is worth $98,337 but, on November 22, Bitcoin saw its all-time high (ATH) at the price of $99,600.

Paolo Ardoino described in a sentence what the mood of the crypto society will be towards the increase in volumes of the crypto market for 2025:

“In 2025, Tether will need to achieve hyperproductivity to realize our grand vision”.

Basically, investors and traders use stablecoins, like USDT, as an entry point to purchase cryptocurrencies and an exit point to cash out their positions, so the increase in trading activity drives the demand for stablecoins.

In any case, Tether continues to see an increase in the adoption of its assets. Recently, the crypto company has made new agreements, making USDT available on Ton Blockchain available on the Brazilian crypto-exchange NovaDAX and on Brasil Bitcoin.

The launch of Hadron to simplify the tokenization of assets

Recently, Tether also launched Hadron, the innovative platform to simplify the tokenization of assets.

Hadron represents a turning point for anyone wishing to issue or manage digital assets, from institutions to fund managers, from governments to private companies.

To simplify the tokenization process, Hadron allows for the easy conversion of a wide range of assets such as stocks, bonds, stablecoin, loyalty points, and more, into digital tokens.