The Coin Shark: Tether's Circulating Offer Sets ATH: 60B Tokens
Tether's Circulating Offer Sets ATH: 60B Tokens?
The number of USDT Tether Stablecoin coins has passed another milestone. At the time of writing, the cryptocurrency's circulating offer is above $60.71 billion
Most USDT is released on TRON. Because this blockchain charges a minimum fee of 1 TRX when transferring coins. And on Ethereum, the average commission for May 25, according to Bitinfocharts, is $9.58, and on May 12, this figure reached $70.
Now the digital asset is in third place in top cryptocurrencies. Only Bitcoin and Ethereum are ahead. It is presented on 10 blockchains. UsDT coins will also be launched on the Avalanche platform shortly.
According to Tether's representative, Paolo Ardoino, stablecoins are traditionally in high demand during high volatility in the cryptocurrency market. In May 2021, the conditions were right, and interest in USDT increased. This led to an increase in the circulating supply.
Recall also that in addition to Tether (USDT) on the crypto market are such large stablecoins as BUSD (stablecoin of the cryptocurrency exchange Binance), Paxos, TUSD, Dai and HUSD.
Subscribe to our Telegram, Twitter and Facebook to be the first to know the news of cryptocurrencies!
Additional Info
- Read full article on: The Coin Shark
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.