Stablecoin

Minted

Bitcoin

Coin

<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>
<div class="wp-block-image">
 <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">
 </figure>
</div>
<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?

Table of Contents

Coin Edition

Other articles published on Nov 14, 2024

SEC Chair Gensler Sticks to Crypto Rules Despite Trump’s Threat to Fire Him

Are XRP and SHIB Losing Their Edge? XYZVerse Emerges as a Top Choice for Traders Seeking 15,500% ...

FBI Raids Polymarket CEO Amid Controversies Following Trump’s Victory

Is Bitcoin Set to Soar Even Higher?

Goatseus Maximus (GOAT) AI Meme Coin Price Pattern Signals Potential Rally Beyond $1.50

How Long Will the Bitcoin (BTC) Bull Market Last?

Join our free newsletter for daily crypto updates!