Tether denies information about stopping the release of USDT | NFT News

Tether denies information about stopping the release of USDT

Tether continues to release USDT stabelcoin, albeit on a smaller scale. This was announced by Paolo Ardoino, CTO of the platform.

Ardoino commented on the observations of journalist Colin Wu, who stated that USDT has not been released for two months in a row.

"USDT's share of the stabelcoin market has fallen to an all-time low of just 57.38%. The other stabelcoins continue to gain market share. USDC's share rose to 24.39% and BUSD's share rose to 10.9%," Wu wrote.

Tether's chief technology officer responded by pointing to yesterday's transaction to issue 100 million UDST on the Tron blockchain.

According to Coin Metrics, USDT issuance did plateau in early June.

According to CoinMarketCap, USDT circulating volume fell from $62.4 billion to $61.8 billion last month.