In the past 20 days, over 6 billion dollars in cash has entered the cryptocurrency market through the newly issued USDT (Tether). This massive injection has brought Tether's total market capitalization to 150 billion dollars, setting a historical high for leading stablecoins.

The new capital inflow appears to have a profound impact on the entire cryptocurrency market. Although Bitcoin's dominance has recently declined, Ethereum's market share has increased, indicating that some of the newly issued USDT may have been transferred to altcoins rather than just flowing into BTC.

USDT is widely used as a trading pair and source of liquidity on exchanges. During periods of rising demand or anticipated volatility, the issuance of USDT typically surges as traders prepare to deploy funds. The timing of this surge may indicate strategic accumulation before market catalysts or ongoing sector rotation.