Since the beginning of April, the capitalization of the most popular stable coin Tether (USDT) has grown by 45%. The asset now ranks fourth in ratings like CoinMarketCap or CoinGecko, catching up the Ripple XRP token.
The screenshot below shows that on April 1, the USDT capitalization was at $ 4.92 billion. Now, the figure hits $ 7.159 billion.
According to Tether website, a total of $ 7.5 billion USDT has been issued so far. Most of the coins are based on the Ethereum blockchain.
According to Whale Alert, every 1-3 days the offer of Tether increases by 120 million USDT:
Earlier, researchers at the Haas business school of the University of California at Berkeley concluded that the issue of Tether and other stable coins does not push cryptocurrencies to growth. Their report said that the change in interest in stablecoins follows the dynamics of prices in the digital asset market, and not vice versa.