According to Tether CEO Paolo Ardoino, the market capitalization of USDT, the company’s U.S. dollar-pegged stablecoin, expanded by more than $5 billion in less than two weeks.
Tether CEO Paolo Ardoino said that USDT’s market capitalization grew by more than $5 billion in less than 15 days. The statement points to rapid recent expansion in the supply of USDT, a stablecoin (crypto token designed to track fiat currency) that is widely used for trading, transfers, and liquidity across the digital asset market. Rising stablecoin supply is often watched as a sign of increasing on-chain liquidity and demand for crypto market settlement tools, although the announcement itself only confirms the growth figure shared by Ardoino.