Recently, there have been remarkable developments in the cryptocurrency market. Tether, as one of the largest stablecoins in the market, has issued approximately 20 billion USD of USDT since the beginning of the year. In July alone, the issuance of USDT surged by 6 billion. This astonishing growth rate has sparked widespread discussion in the market about Tether's operating model.
According to the latest financial report released, as of June 30, the circulation of USDT has exceeded 157 billion USD. More notably, the total amount of U.S. Treasury bonds held by Tether has reached 127 billion USD
According to the latest financial report released, as of June 30, the circulation of USDT has exceeded 157 billion USD. More notably, the total amount of U.S. Treasury bonds held by Tether has reached 127 billion USD
BTC-0.26%