Data: Tether's USDT circulation increased by 4.5 billion in November

ChainCatcher news, according to Cryptoslate, Tether's USDT circulation increased by 4.5 billion in November. The blockchain intelligence platform Arkham confirmed this in a post on X on November 28, noting that USDT worth approximately 3 billion dollars was minted on the Tron network.

It is worth mentioning that the Kraken deposit address "TQef1" minted 2.5 billion dollars in stablecoins during this period.

Data from CryptoSlate shows that since the beginning of the year, the supply of USDT has surged by about 35%, reaching a historical high of 89.35 billion.

Data from DeFiLlama indicates that over 50% of Tether's total supply is minted on Tron (TRX), while about 41% of the supply is minted on Ethereum (ETH).

Market observers indicate that Tether's continuously growing supply suggests an increase in purchasing power among cryptocurrency exchanges.