Amid the vibrant cryptocurrency market with Bitcoin nearing the $100,000 milestone, Tether issued an additional 3 billion USDT on November 23 across two major blockchains, Ethereum and Tron. According to Arkham Intelligence, this issuance was split into two parts: 2 billion USDT on Ethereum and 1 billion USDT on Tron.
Notably, data from Lookonchain reveals that Tether has issued a total of 13 billion USDT since November 8, 2024. Commenting on this, CEO Paolo Ardoino stated that Tether must deliver exceptional performance in 2025 to achieve the company’s ambitious goals.
In the cryptocurrency investment community, stablecoin trading volume is often viewed as a key indicator of market interest. The issuance of large amounts of stablecoins is typically interpreted by traders as a positive signal for price trends.
Tether is benefiting from Bitcoin’s unprecedented price rally and favorable political developments. Following Donald Trump’s victory on November 5, Bitcoin surged from $69,000 to a new record high of $99,300 in just two weeks. Tether’s USDT plays a crucial role as a bridge for cryptocurrency transactions and an alternative to fiat currencies, driving increasing demand.
Related: Tether Discloses Holdings of Bitcoin and Gold
Adam Back, a renowned Bitcoin expert, predicts that Bitcoin could reach $1 million if Trump’s new administration establishes a strategic Bitcoin reserve fund, sparking a global race among nations to acquire Bitcoin.
Another notable development is the appointment of Howard Lutnick, CEO of Cantor Fitzgerald and a cryptocurrency advocate, as Trump’s Secretary of Commerce on November 19. Cantor Fitzgerald, which manages U.S. Treasury reserves for Tether, announced the acquisition of a 5% stake in Tether worth over $600 million just five days after this appointment.
