How many Tether coins are issued?
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- 2024-04-25 14:53:501168browse
The issuance of Tether is approximately US$70 billion, which is issued or destroyed by Tether based on market demand to maintain its peg to the US dollar.
Tether issuance
Tether (USDT) is a stablecoin pegged to the U.S. dollar, which means it The price is designed to stay around $1 at all times. The issuance of Tether is constantly changing to ensure its peg to the U.S. dollar.
As of March 2023, the circulating supply of Tether is approximately $70 billion. This means there is approximately $70 billion in Tether circulating in the market.
The issuance of Tether is controlled by a company called Tether. The company is responsible for issuing or destroying Tether based on market demand to maintain its peg to the U.S. dollar. When demand increases, Tether issues more Tether. When demand drops, Tether will destroy Tether.
The issuance of Tether is a dynamic number that will continue to change with market conditions. However, Tether is committed to maintaining a stable peg to the US dollar.
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