Stablecoin supply rises to $181 billion, with $9 billion minted in the past month.
Tether (USDT) minted $7 billion in November, increasing its market dominance to 70.19%.
Bitcoin hits a new all-time high of $93,500, with $100K now appearing more attainable.
The stablecoin market has surged to $181 billion, up 3% in the past week, as Bitcoin and the broader crypto market continue their historic rally, data from DeFiLlama shows. Just one month ago, the market was valued at $172 billion.
This implies that market participants have demanded approximately $9 billion worth of stablecoins over the last 30 days. This figure is further confirmed by the consistent uptrend in stablecoin minting in recent times.
$7B USDT Minted in Two Weeks
Just 19 hours ago, the largest stablecoin issuer, Tether (USDT), minted $1 billion USDT. This latest minting follows a $2 billion issuance just three days ago.
Meanwhile, several other mintings of billions of USDT have taken place over the last two weeks of November. Specifically, Tether has minted $7 billion USDT since November 6.
As a result, the dominance of Tether’s USDT has reached 70.19%, with a market cap of $12…
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