Recently, the negotiable supply of USDT has increased significantly. Whale Alert quite often publishes reports that Tether issues another gigantic amount of USDT – from at least 10,000,000 to 100,000,000 USDT or more.
Glassnode, an analytical company, shared a chart which shows that since May 21st, the number of transfers involving the most popular stable coin has risen to a new high level.
According to the latest data provided by Glassnode on their Twitter page, over the past two days, the number of transactions in which USDT was exchanged for other cryptocurrencies has grown to 8,590,083.
The previous value was 8 334 167, so the increase is not so great, however, it shows a general trend of growth in USDT user activity.
Speaking about USDT transactions and, in particular, the issue of new coins, Whale Alert reported over the past few hours that 40,000,000 USDT were transferred from Tether to Binance.
Prior to this, another major exchange, Bitfinex, sent 31,992,639 USDT to Tether.
It is worth noting that on May 22nd there was a growth in the number of new USDT wallets, which increased by 137 per night. On Thursday, the market capitalization of USDT also increased, which allowed Tether to take 3rd place in the CoinMarketCap rating.