Can the continued rise in USDT's market cap reflect the real expansion in demand? #TrumptaxCuts

According to the latest market data and analysis, the market cap of USDT (Tether) is indeed rising, reflecting the increase in real demand. Since mid-March 2024, USDT's market cap has continued to rise, especially in the past few months, exceeding $147 billion, reaching an all-time high. This rise is mainly due to the significant increase in demand for stablecoins, especially during periods of market volatility, when USDT's role as a "liquidity bridge" becomes more important.

Tether increases the issuance of USDT based on market demand and also destroys USDT in circulation to ensure that supply and demand for the currency are aligned. This mechanism allows USDT to flexibly reflect real changes in market demand. In addition, the strong characteristics of USDT's peg to the dollar continue to attract institutions and individual users, further supporting its increased market cap

Therefore, the rise in USDT's market capitalization is an ongoing process that effectively reflects expanding market demand. However, it's important to note that the cryptocurrency market itself is highly volatile and uncertain, so the future growth of USDT and market demand may be influenced by many factors