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$6B in New USDT Issued in 20 Days as Tether Market Cap Hits $150B

  • 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.

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