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Tether (USDT) Brings Record Supply to the Markets; Is $10k BTC on the Horizon?

Published 05/29/2019, 04:50 AM
Updated 05/29/2019, 06:01 AM
© Reuters.   Tether (USDT) Brings Record Supply to the Markets; Is $10k BTC on the Horizon?

Tether (USDT) has returned to its usual supply of above 3 billion coins, and in the past week surpassed its own supply record. Now, there are a total of 3,320,057,493 USDT created, with around 3.118 billion coins in circulation.

Around 100 million coins entered circulation in the past week alone, with tranches accelerating on May 28. This left the Tether Treasury with just around 174 million USDT, a relatively low level. It is possible the printing wallet gets activated again.

This time, USDT is not concentrated in large wallets, and even Binance has split the holdings into several addresses. The coins have been mo...

This article appeared first on Cryptovest

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