Tether, the largest stablecoin issuer, has minted $2 billion USDT in the last four days, contributing to a total of $19 billion USDT minted on Ethereum and Tron since November 6.
Bitcoin's price crossed the $100,000 mark twice, signaling a strong crypto market rally.
Tron generated $577 million in revenue in Q3 2024, with a large portion coming from stablecoin-related activities.
Ethereum holds a dominant market share of 55.7% in stablecoins, while Tron holds the second-largest share at 37.9%.