In November the company Tether , the issuer of the largest stablecoin, has issued 14 billion USDT across different blockchains, according to analysts at the Lookonchain platform. This is the second record-breaking month this year after August, when the figure was 16 billion.
Total since the beginning of 2024 Tether issued 33 billion USDT, with blockchain leading the way Tron with 19 billion online Ethereum 14 billion stablecoins issued Tether .
The Growing Dominance of Blockchain Tron in the stablecoin market, which probably explains why the company prefers to create USDT on this network. As of mid-August Tron occupied 37,9% of the stablecoin market, ahead of its closest competitor Ethereum .
On the blockchain Tron holds over $61 billion in stablecoins, underscoring its importance as a digital asset hub. According to the Tether , the latest release will meet the growing demand for USDT on the network, providing liquidity в DeFi -sphere and uninterrupted transactions in cryptocurrency trading.
According to the CEO Tether Paolo Ardoino, large USDT stablecoin issues are stockpiled rather than immediately released into circulation. This provides operational flexibility and allows the issuer to meet growing demand without interruption.
