However, some parties are still worried that printing USDT may affect the crypto market, as traders and investors widely use USDT as a medium of exchange and store of value.
Tether is the largest stablecoin issuer, with a market cap of $81,418,055,596, according to data from CoinMarketCap.
Analysts believe that the increased supply of USDT could signal a bullish trend for bitcoin (BTC) and other cryptocurrencies, as it indicates more liquidity and demand in the market.
Nevertheless, others warn that USDT could pose a systemic risk to the crypto industry if it faces future regulatory or legal challenges.
The total supply of USDT as of April 21 was 85,091,735,572, spread across different blockchains and platforms.
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The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Cryptocurrency investments are subject to market risks, and readers should exercise caution and do their due diligence.
