Gains

<ul class="wp-block-list news-points">
 <li><strong>Tether minted over $13 billion in USDT since the beginning of November.</strong></li>
 <li><strong>The surge in USDT minting coincides with rising crypto prices.</strong></li>
 <li><strong>Bitcoin’s risk-adjusted returns appeal to investors.</strong></li>
</ul>
<p>Data from IntoTheBlock shows Tether has minted over $13 billion in USDT since the beginning of November. The crypto market analysis platform revealed on X that the last time USDT saw this minting rate was during the 2021 bull run.</p>
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   <p lang="en" dir="ltr">$13 billion+ of <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDT</a> has been minted since early November, a pace last seen in 2021 <a href="https://t.co/ehtotD74w8" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ehtotD74w8</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1863297176916336904?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>It is crucial to note that minting over $13 billion worth of USDT in less than thirty days is a significant bullish development. It reflects growing demand for the stablecoin, which has become the base cryptocurrency for most digital asset traders.</p>
<h2 class="wp-block-heading" id="h-why-is-usdt-so-popular">Why is USDT So Popular?</h2>
<p>Most crypto traders and investors use Tether’s USDT to enter trades. It also acts as a safe haven for users who want to exit volatile positions without withdrawing funds from exchanges. USDT and other stablecoins offer convenient crypto swaps, given their relative price stability.</p>
<p>This surge in USDT minting…</p>
<p>The post <a href="https://coinedition.com/usdt-demand-soars-echoing-2021-trends-as-bitcoin-gains-50-in-november/" rel="noopener noreferrer nofollow">USDT Demand Soars, Echoing 2021 Trends as Bitcoin Gains 50% in November</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

USDT Demand Soars, Echoing 2021 Trends as Bitcoin Gains 50% in November

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