Tether, the company behind the USDT stablecoin, has minted $5 billion worth of USDT over the past week as Bitcoin reaches new all-time highs. This increase in supply has boosted Tether's market cap to $124 billion, solidifying its position as the leading stablecoin in the market. The rise in USDT circulation aligns with a broader market upswing and is historically correlated with gains in major cryptocurrencies. Additionally, Tether has launched an open-source wallet development kit (WDK) to streamline non-custodial wallet integration for websites and applications. The WDK aims to support both human users and emerging digital entities like AI agents and autonomous systems.
- Content Editor ( cryptoslate.com )
- 2024-11-12
Tether prints $5 billion USDT in 5 days adding to bull run market liquidity