Tether has issued $5 billion in USDT stablecoins in the past week, as Bitcoin’s value approaches $90,000. With this increase in USDT supply, Tether’s market cap has grown to around $124 billion, making it the leading stablecoin in the crypto market. USDT is crucial in crypto trading and supports liquidity across both centralized and decentralized exchanges.
There is a correlation between the rise in USDT circulation and gains in major cryptocurrencies, like Bitcoin and Ethereum. Tether has also launched an open-source wallet development kit (WDK) to streamline non-custodial wallet integration for websites and applications.
