Tether has conducted a major issuance of its USD-pegged stablecoin, minting 2 billion additional USDT tokens. Approximately $1 billion worth of the newly created USDT was transferred to cryptocurrency exchange Binance, reinforcing its position as a primary liquidity hub within the digital asset ecosystem.
This substantial supply expansion coincides with Bitcoin sustaining a price rally beyond $119,000. The alignment between increased USDT availability across major trading platforms and Bitcoin’s upward movement highlights USDT’s central role in facilitating crypto market transactions and fueling trading activity.
Tether CEO Paolo Ardoino confirmed USDT’s circulating supply has officially surpassed $160 billion. USDT continues to dominate the stablecoin sector, commanding nearly 80% of total stablecoin market share. Its function as the primary liquidity backbone for digital asset trading remains unchallenged.
The concurrent surge in USDT issuance and Bitcoin’s price appreciation suggests intensifying institutional and retail participation across cryptocurrency markets. Industry analysts interpret these developments as indicators of growing mainstream adoption and enhanced market depth.