Tether, the world’s largest stablecoin by market share has minted about $3 billion USDT in 24 hours.
Tether has made a mark as a leading stablecoin issuer, ahead of other stablecoin issuers like Circle USDC and Paypal PYUSD.
The stablecoin company has been minting $3 billion USDT daily according to onchain analytics site Lookonchain
Lookonchain shared its findings on Tether on X revealing that the stablecoin issuer has made over $13 billion since November 8.
“Tether minted another 3B $USDT!
#Tether has minted 13B $USDT since Nov 8!” Lookonchain tweeted
Tether’s daily $3 billion mint is divided into two transactions one of which includes $2 billion and the other $1 billion. Both transactions head to the company’s treasury wallet.
Since the beginning of this month, Tether has minted billions worth of USDT. The company minted several times, including $9 billion on Nov. 8, $1 billion on Nov. 21, and $1 billion on Nov. 23.
The volume of stablecoins minted by a stablecoin issuer…