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Tether Mints $2 Billion USDT, Stablecoin Market At A Crossroads

  • Tether has minted $2 billion USDT on Ethereum, adding to the $19 billion minted since November 6.
  • The recent surge in USDT issuance has fueled liquidity on exchanges, coinciding with Bitcoin's rise above $100,000.
  • USDT dominates trading on ETH pairs, contributing to Bitcoin liquidity and Coinbase premiums.
  • As the stablecoin market evolves, regional stablecoins and decentralized alternatives are gaining momentum, challenging the dominance of USD-backed tokens.

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