Tether ($USDT) minted $5 billion over the past week as the Fed cut rates, reflecting renewed demand and investor positioning for risk assets.
Ethereum now hosts $81 billion of $USDT, overtaking Tron’s $78.6 billion.
With $172 billion in supply, $USDT controls nearly 59% of the stablecoin market.
Tether’s CEO revealed 3.5 million new wallets started holding $USDT in just 90 days, triple the growth of competitors.
Stablecoins thrive during macro shifts, reinforcing Tether’s role as crypto’s liquidity giant amid surging adoption and shifting market dynamics.