Stablecoin

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<ul class="wp-block-list news-points">
 <li><strong>Stablecoin supply rises to $181 billion, with $9 billion minted in the past month.</strong></li>
 <li><strong>Tether (USDT) minted $7 billion in November, increasing its market dominance to 70.19%.</strong></li>
 <li><strong>Bitcoin hits a new all-time high of $93,500, with $100K now appearing more attainable.</strong></li>
</ul>
<p>The stablecoin market has surged to $181 billion, up 3% in the past week, as Bitcoin and the broader crypto market continue their historic rally, <a href="https://defillama.com/stablecoins" target="_blank" rel="noopener noreferrer nofollow">data</a> from DeFiLlama shows. Just one month ago, the market was valued at $172 billion.</p>
<p>This implies that market participants have demanded approximately $9 billion worth of stablecoins over the last 30 days. This figure is further confirmed by the consistent uptrend in <a href="https://coinedition.com/bitcoins-surge-to-89500-coincides-with-tethers-4b-usdt-mint/" rel="noopener noreferrer nofollow">stablecoin minting in recent times.</a></p>
<h2 class="wp-block-heading" id="h-7b-usdt-minted-in-two-weeks">$7B USDT Minted in Two Weeks</h2>
<p>Just 19 hours ago, the largest stablecoin issuer, Tether (USDT), minted $1 billion USDT. This latest minting follows a $2 billion issuance just three days ago.</p>
<p>Meanwhile, several other mintings of billions of USDT have taken place over the last two weeks of November. Specifically, Tether has minted $7 billion USDT since November 6.</p>
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 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdR2vp3NnL46LsI96z1lH79BRoigf1H9nwbPM7ao4jyjZJ1fEDjAUCcxWNk__aOr2DIga9CzfIOiAt6xaO8EmDur7m0X7AFYdutiYYyzTSb4hc-nCXbRYeju74yLcHbchYNUmTbAQ?key=uSxYOZZ6_H_knzPX3m506qB-" alt="" style="width: 100%;height:auto">
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<p>As a result, the dominance of Tether’s USDT has reached 70.19%, with a market cap of $12…</p>
<p>The post <a href="https://coinedition.com/stablecoin-market-at-181b-to-lay-the-foundation-for-100k-bitcoin/" rel="noopener noreferrer nofollow">Stablecoin Market At $181B To Lay the Foundation for $100K Bitcoin?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Stablecoin Market At $181B To Lay the Foundation for $100K Bitcoin?

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