O principal emissor de stablecoin, Tether, canalizou 1,25 bilhão de USDT para bolsas centralizadas nas últimas 24 horas, à medida que a demanda por ativos digitais continua a aumentar. O contínuo ressurgimento do mercado criptográfico criou uma demanda crescente por stablecoins que contribuem significativamente para o crescente ecossistema criptográfico.
O emissor de stablecoin USDT apareceu novamente no radar por canalizar 1,25 bilhão de USDT do Tether Treasury para bolsas centralizadas. O fluxo de fundos é atribuído à crescente demanda por criptomoedas após o recente frenesi de ativos digitais que fez disparar os preços das criptomoedas.
De acordo com dados da plataforma de análise de blockchain Lookonchain, as stablecoins foram canalizadas para exchanges centralizadas como Kraken e Bitfinex.
Enormes quantidades de fundos estão sendo injetadas no mercado de criptografia!
Nas últimas 24 horas, cerca de 1,25 bilhão de $USDT fluiu do #TetherTreasury para as exchanges! pic.twitter.com/R7Roi87lca
— Lookonchain (@lookonchain) 13 de novembro de 2024
The transactions are part of a series of recent actions by Tether. Lookonchain reported that Tether minted 2 billion USDT, causing BTC to soar to an all-time high of $89,500 on November 10th.
The blockchain analytics platform also noted that on November 11th, the stablecoin issuer minted another 2 billion USDT, which was also pushed to centralized exchanges.
The USDT issuer also processed another 2 billion USDT mint on the Ethereum network. However, this mint was specifically conducted for inventory replenishment on the Ethereum network. Tether had previously announced coordination with a third-party exchange to perform a chain swap to convert some of their USDT from different blockchains to USDT on Ethereum. Tether emphasized that the USDT supply will not change during the process.
According to Tether’s announcement, the chain swap process will swap 1 billion USDT on TRC20, 600 million USDT on AVAX (C), 300 million USDT on NEAR, 75 million USDT on CELO, and 60 million USDT on EOS to the Ethereum network. Tether’s CEO, Paolo Ardoino, confirmed the mint and said the amount will be used as inventory for the next period of issuance and chain swaps.
According to data from CoinMarketCap, Tether is the largest stablecoin issuer, with a market cap of $125 billion and a 24-hour trading volume of $251 billion at the time of this publication. Stablecoin issuer Circle follows Tether with a market cap of $36 billion and $19 billion traded in the last 24 hours. DAI trails in third with a market cap of $5 billion and $236 million traded in the previous 24 hours.
According to Tether’s transparency page, most stablecoins have been issued on the Tron network. Tron’s total authorized USDT supply is $61.7 billion, and the authorized but not issued supply is $982 million, bringing the net USDT circulation to $60 billion.
Ethereum follows Tron closely behind with the second-largest USDT supply. Tether has minted a total authorized USDT supply of $60 billion and $191 million unauthorized but not issued USDT. The total USDT in circulation on Ethereum is $60.7 billion.
The USDT issuer has also recently undertaken more developments. The company recently unveiled a Wallet Development Kit (WDK) for businesses and developers. The open-source modular software development kit will allow users to integrate non-custodial wallets and user experiences for Bitcoin and USDT in any device, application, and website. The kit offers a full self-custodial toolkit to users, allowing developers to build advanced desktop, mobile, and wallet experiences.