Tether Continues To Mint

It's wild that with all the unknowns, failed audits and the SEC/DOJ recently going after Tether that it continues to thrive and be a core stable coin of many. Just the other day tether minted yet another 3 billion units now accounts for 134 billion worth of the token being circulated across many blockchains. It's nearly become the standards for stable coin investing.

However it's not the only stable coin on the block these days. Tether now has some decent competition with the closest being USDC Coinbases stable coin which seems to be growing in popularity as a more trusted stable coin in terms of audits etc. It's still a faction of the overall Tether market but it has been growing.

USDC now holds 38 billion dollars while Tether holds 132 billion. It might seem like a far stretch but it's a gap that seems to have been closing over time and perhaps could close and beat out Tether during a massive bull run with institutional investors.