Market Cap USDT, $ forum
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USDT $43 billion injected in the crypto market. What does it mean?
The top two stablecoins - USDT and USDC - increase their supply $34 billion and $9 billion respectively over the last year. 🤯
Why does this matter?
Such increase in stablecoin market size is a sign of:
Higher liquidity and market activity, which often precedes a bull market;
A sign of increase DeFi activity, including DeFi lending;
A positive health check for the crypto market sentiment.
USDT Stablecoin issuer Tether promoted its long-time CTO Paolo Ardoino to CEO as it envisions becoming a tech-centric organization.