Tether processed a total transaction volume of $13.3 trillion this year, surpassing Visa's annual transaction volume. Yesterday, $1 billion was withdrawn from Aave for redemption, and the market remained calm.
When a stablecoin's annual circulation is 71 times its market cap, the minting factory becomes a target for capital flow. This week alone, $3.75 billion was minted.
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Tether processed a total transaction volume of $13.3 trillion this year, surpassing Visa's annual transaction volume. Yesterday, $1 billion was withdrawn from Aave for redemption, and the market remained calm.
When a stablecoin's annual circulation is 71 times its market cap, the minting factory becomes a target for capital flow. This week alone, $3.75 billion was minted.
This money has to buy something.