Tether Sets a New Record with Another 1 Billion Prints: The Rally Will Come This Way, Not in the US!

While the record was renewed with Tether printing another 1 billion USDT on TRON, the analyst,

According to the data shared by the on-chain data and analysis account Lookonchain on August 20, the Tether treasury printed another 1 billion USDT on Tron (TRX). In the last year, the Tether Treasury printed a total of 33 billion USDT, 19 billion USDT of which was in Tron and 14 billion USDT in Ethereum.

The rally will come from here, not in the US

On the other hand, while everyone is talking about the increase in the global M2 money supply, the total stablecoin market capitalization in the cryptocurrency markets is also drawing attention. Julio Moreno, Research Manager of CryptoQuant, an on-chain analysis platform, stated that the total stablecoin market value broke a new record by exceeding $ 165 billion and made the following statements:

Everyone is talking about the explosion of the global M2, but I look at the total stablecoin market value. The new record is over $ 165 billion. This means higher liquidity in the crypto markets.

This record means increased liquidity in the cryptocurrency markets and indicates that the markets may become even more vibrant. The rapid growth of stablecoins reveals that trust and liquidity in the crypto markets have increased.

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