Tether, the issuer of the USDT stablecoin, has minted 7 billion USDT over the past three months, bringing the total supply to over 90 billion tokens.
This increase in supply indicates growing market confidence and demand for the stablecoin. USDT is widely used in cryptocurrency trading activities and has a market capitalization of $90.6 billion, making it one of the fastest-growing stablecoins this year.
In an effort to prevent potential misuse, Tether has implemented a new voluntary wallet-freezing policy. This policy allows Tether to freeze wallets associated with individuals on the US Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list. The company aims to maintain high safety standards and promote a safer ecosystem for stablecoin users.
Source: BE(IN)CRYPTO
