Tether has issued $6 billion in new USDT in 20 days, reaching a total market capitalization of $150 billion, an all-time high for the stablecoin.
The injection of new capital has had a significant impact on the crypto market, with Ethereum gaining market share while Bitcoin dominance has declined.
The increase in USDT market cap indicates higher liquidity and buying power in the crypto ecosystem, influencing price movements of major assets like Bitcoin and Ethereum.
The surge in USDT issuance suggests a shift in investor interest towards altcoins, particularly as Ethereum's dominance increases.