Tether Reaches 160 Billion USDT Milestone, But Major Risks Loom

Tether has now minted 160 billion USDT tokens, marking a substantial milestone in the stablecoin’s circulation. However, a few warning signs are leading skeptics to caution about potential turmoil.

If the GENIUS Act becomes law, it could complicate Tether’s ability to act in the United States. USDT is a key piece of the global crypto infrastructure, but an upset might disrupt a shaky and speculative wave of recent growth.

Tether, the world’s largest stablecoin issuer, has been minting a lot of USDT tokens recently. As rumors of an IPO keep circulating, the firm has signaled big plans for the future by redirecting resources.

Today, this minting spree has reached an unprecedented level, as 160 billion USDT tokens are currently in circulation:

160B USDt

A new mind-blowing milestone, a statement of the unrivaled utility of USDt as the digital dollar for billions of people living in emerging markets and developing countries.

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