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Cryptocurrency News

Tether supply starts to increase after three-month decline

08/02/2022

Less than a minute

2022.08.02 10:18

The world’s largest stablecoin, Tether (USDT) has expanded its circulating supply following almost three months of reductions, in what could be a sign the crypto markets are slowly recovering.

The first mint in almost three months occurred on July 29, and there have been three more, with the latest on August 2, according to CoinMarketCap. The USDT injections have been small, however, lifting Tether’s market cap by just 0.7% or just under $500 million.

Source

08/02/2022

Less than a minute