The issuer of the Tether stablecoins continues to increase the issuance of USDT tokens. Analysts from Lookonchain noted that from November 8, 13 billion new coins appeared on the market.

The issuance of stablecoins coincided with the rise in the price of Bitcoin, which at one point approached the psychologically important level of $100,000. A high volume of stablecoin issuance often indicates optimism in the cryptocurrency market and expectations of further price increases.