USDT’s market capitalization currently exceeds $106.6 billion.
Amid turbulent market conditions, Tether Treasury has been actively minting USDT tokens.
Recently, according to updated data from Lookonchain, Tether Treasury actively minted USDT tokens worth $3 billion in just three days. These tokens were then distributed to the Ethereum and Tron blockchains. This surge in USDT issuance has aroused the market's curiosity about its flow.
Since April 1, approximately $2.55 billion in USDT has flowed into prominent cryptocurrency exchanges including Binance, Bitfinex, Kraken, and Coinbase.
Notably, Bitfinex received $1.018 billion in USDT, while Kraken and Binance saw inflows of $824.1 million, while the largest stablecoin saw inflows of $614.6 million. Meanwhile, Coinbase received $93.8 million in USDT during the same period.
These USDT inflows have raised questions in the community, with investors who have been waiting on the sidelines preparing to enter the market. Prices have been falling recently, providing a good “buy the dip” opportunity for investors.
Tether has seen a significant increase in its dominance of the stablecoin market over the past few years. As digital asset prices have rebounded broadly this year, USDT has surpassed $100 billion in market capitalization and continues to hold the largest share of the stablecoin market.
The stablecoin issuer recently expanded its Bitcoin holdings by acquiring 8,889 Bitcoins worth approximately $627 million. The purchase boosted Tether’s Bitcoin reserves, bringing its total to 75,354 BTC.
The move is part of its broader plan to allocate up to 15% of corporate profits from surplus USDT stablecoin reserves into Bitcoin.
Recently, Tether announced that it has completed the System and Organization Control (SOC) 2 Type 1 audit, which is considered the first step towards achieving the highest level of security compliance. Through this audit, Tether demonstrated its transparency and reliability in internal control and operational efficiency, which is essential to enhancing market trust and enhancing its position in the cryptocurrency field.
The completion of the SOC 2 Type 1 audit not only demonstrates Tether’s commitment to the security of its systems and data privacy protection, but also lays a solid foundation for the company’s further compliance work in the future. #USDT铸造 #比特币储备