Tether has shown significant growth in recent months, becoming a leading player in the stablecoin market and an investor in U.S. treasury bills.
Record USDT Issuance and Market Impact
Tether has aggressively increased USDT issuance recently, reaching a new all-time high of $143.92 billion. This contributed to the global stablecoin market cap reaching $233.931 billion on April 1st, almost doubling over the last 48 months.
Tether Among Top U.S. Treasuries Investors
Traditionally, countries are the biggest investors in U.S. treasury bills. However, Tether has become the seventh largest investor, putting about $33.1 billion into treasury bills last year, surpassing countries like Canada and Germany.
Aggressive USDT Minting Strategy
USDT's aggressive minting over recent months has achieved significant market cap growth. Although USDC also shows strong growth, it pales in comparison to Tether's dominance. With rising demand for stablecoins and increased market uncertainty, Tether continues to strengthen its market position.
Through aggressive issuance and investment expansion, Tether has solidified itself as a leading player in the stablecoin market, favored by investors during periods of market volatility.
