According to Tokenview's on-chain data monitoring, from its first issuance in 2014 through December 31, 2020—over a span of seven years—the circulating supply of the stablecoin USDT grew from zero to 21.066 billion tokens, accounting for 83.6% of the total issued amount of 25.2 billion. During this period, there were 340 issuance events totaling 30.815 billion tokens, and 184 destruction events totaling 9.527 billion tokens, resulting in a net issuance of 21.288 billion tokens. Based on the current price of 6.53 CNY/USDT, this represents a total value of 139 billion CNY. In 2019, the net issuance was 2.004 billion tokens, while in 2020, it reached 16.404 billion tokens.
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