Tether credits USDT growth surge to ETF excitement, emerging markets By Cointelegraph

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(USDT), the largest stablecoin by market value, has been breaking new records throughout 2023, with its market capitalization adding at least $20 billion so far this year.

According to data from the blockchain data provider Whale Alert, Tether has minted 22.75 billion USDT so far this year, with at least 4 billion USDT being issued in the past four weeks.

Tether USDT all-time market capitalization. Source: CoinGecko