USTC achieved significant gains in trading at the beginning of the week. Here are the latest developments

The digital currency USTC recorded a significant increase in price, exceeding 18% on the Binance digital platform during the past 24 hours. The value of the currency reached $0.02669 at its highest level, according to what the currency chart showed.

The price of the USTC digital currency has reached $0.02316 so far, with investors optimistic that this rise will continue in the coming hours as well.

While the trading volume of the USTC digital currency reached $98.36 million in the last 24 hours, and the market value reached $207.41, according to information on the CoinMarketCap website.

The reason for the rise in the price of the USTC digital currency:

Tether, the company responsible for issuing USDT, has minted more than 111 billion coins and is currently increasing its minting rate to 1 billion coins per day.

Some experts attribute this steady growth to society's increasing confidence in giving value to something, believing that the value of USDT is one dollar.

However, experts point out that USDT, like LUNC, is ultimately a currency, and is produced in large quantities.

The problem is that the value of USDT cannot be changed directly, but the currency can be burned to balance supply and demand and keep its price at $1.