Tether minted $1 billion USDT on Ethereum, reaching a total of $16 billion in November.

Tether minted an additional $1 billion USDT on the Ethereum blockchain, marking a significant shift in stablecoin circulation. This brings Tether’s total mining volume to $16 billion in November alone, a sign of growing demand for stablecoins across the cryptocurrency market. This increase is consistent with increasing liquidity needs as traders and institutions seek stability amid market volatility. Tether’s expanding supply continues to dominate the stablecoin market, reinforcing its pivotal role in trading and DeFi activity globally. Meanwhile, Tether’s surge in USDT pushed its market capitalization by 10.5% to $133 billion, taking a 69.9% market share.