TechFlow reports, according to Cryptoslate, Tether's USDT circulation increased by 4.5 billion tokens in November. Blockchain intelligence platform Arkham confirmed this in an X post on November 28, noting that approximately $3 billion worth of USDT was minted on the Tron network. Notably, Kraken’s deposit address "TQef1" minted $2.5 billion in stablecoins during this period.
Data from CryptoSlate shows that since the beginning of the year, USDT's supply has surged about 35%, reaching a record high of 89.35 billion tokens. According to DeFi Llama, over 50% of Tether’s total supply was minted on Tron (TRX), while approximately 41% was issued on Ethereum (ETH). Meanwhile, market observers suggest that the growing supply of Tether indicates enhanced purchasing power at cryptocurrency exchanges.
