Tether CTO Denies USDT Issuance Stopped for Two Consecutive Months

·1 min read

BeInCrypto –

Tether CTO Paolo Ardoino said that USDT is still seeing issuance, with $100 million in USDT issued recently.

Tether’s Chief Technical Officer (CTO) Paolo Ardoino made a statement on August 1 to correct reports that said that USDT has not been issued for two consecutive months. Ardoino responded to well-known Chinese reporter Colin Wu, saying that issuances continue, even if in smaller amounts. He also pointed to blockchain transaction information that showed issuances, with 100 million being issued two days ago.

USDT is the market’s most active stablecoin, with a market cap of over $62 billion. The nearest competitor is USD Coin (USDC), with a market cap of approximately $27 billion. USDT’s market cap has doubled since the start of the year.

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