{"id":44671,"date":"2021-06-21T11:32:15","date_gmt":"2021-06-21T08:32:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44671"},"modified":"2025-08-31T18:04:38","modified_gmt":"2025-08-31T15:04:38","slug":"tether-supply-growth-stalls-as-bitcoin-price-falls","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tether-supply-growth-stalls-as-bitcoin-price-falls\/","title":{"rendered":"Tether supply growth stalls as Bitcoin price falls"},"content":{"rendered":"

From June 2 to June 21, Tether (USDT) supply remains at around $64.4 billion. The dynamics reflect subdued demand for the stablecoin from clients.<\/p>\n

\\\"Tether
Data: Messari<\/a>.<\/figcaption><\/figure>\n

In an interview with The Block<\/a>, Tether’s chief technology officer Paolo Ardoino said that the current situation is explained by a decline in open interest<\/a> in the Bitcoin futures market.<\/p>\n

USDT plays the role of the main stablecoin on most derivatives exchanges, he added.<\/p>\n

The report notes that after reaching a peak above $20 billion in mid-May, open interest by June 18 fell to $13 billion. The decline occurred as Bitcoin’s price retraced from near $65,000<\/a> in mid-April to current $34,000<\/a>.<\/p>\n

Ardoino noted that the issuance of stablecoins is carried out in line with market conditions, and demand for them often reflects the dynamics of Bitcoin price surges and declines.<\/p>\n

According to Messari<\/a>, at the time of writing, the capitalisation of stablecoins stands at $106.4 billion. USDT accounts for 60.4% of the total market supply. The share of USD Coin (USDC) from June 2 to June 21 rose from 21.8% to 22.9%.<\/p>\n

On May 24, USDC surpassed<\/a> $20 billion.<\/p>\n

On May 26, the total market capitalization of stablecoins rose above $100 billion<\/a>.<\/p>\n

Follow ForkLog news on VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

From June 2 to June 21, Tether (USDT) supply remained at around $64.4 billion, reflecting subdued demand for the stablecoin from clients.<\/p>\n","protected":false},"author":1,"featured_media":44672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[807,1245,910],"class_list":["post-44671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-tether-usdt","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44671"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44671\/revisions"}],"predecessor-version":[{"id":44673,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44671\/revisions\/44673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44672"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}