Tether, the largest stablecoin in the cryptocurrency market by total value, remains a safe haven for those who want to escape the increased volatility due to the coronavirus crisis. The Tether management, which has exported millions of dollars in USDT during the crisis, has launched another 120 million USDT by making “inventory renewal” today.
Bitfinex CTO, Paolo Ardoino, confirmed in his statement about the issue that this is an inventory renewal. According to Messari’s report, Tether has exceeded the total market value of $ 8 billion, with recent issues, and 80% of them are on the Ethereum network.
Tether’s new USDT launch shows that fluctuations in the crypto market are still continuing and there is demand from investors in this direction.