Tether issued more than 13 billion USDT in November, breaking the total market value of stablecoins to over 193 billion dollars
IntoTheBlock posted on X that since the beginning of November, Tether has issued more than 13 billion USDT, which is the fastest issuance rate since 2021. According to DefiLlama data, the total market value of stablecoins is now reported at $193.317 billion, setting a new historical high; it increased by 1.44% over the past week and USDT's market share reached 69.56%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cathie Wood Takes ARK Venture Fund Onchain With Securitize
Litecoin Hits 8-Month High as ETF Holdings Set Record — Can Bulls Clear $75?
University of Michigan September Consumer Sentiment Index falls to a four-month low, inflation expectations for the next year rise to 4.6%
The final value of the US Michigan Consumer Sentiment Index for September dropped to 48.1, reaching a four-month low. Consumers expect inflation over the next year to be 4.6%, higher than last month's 4%. The expected annualized inflation rate for the next 5 to 10 years is 3.4%, the highest level since May. US gasoline and diesel prices have climbed, and mortgage rates have surpassed 7%. According to the survey leader, despite political differences, consumers unanimously believe the economic outlook has worsened.
Crypto prices
More
