Binance CEO highlights USDT growth amidst rival issues
USDT's supply has grown by more than 10% in the last 30 days to $76.97 billion, according to CryptoSlate data.
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Meanwhile, the largest stablecoin by market capitalization USDT has experienced an 8.7% increase in supply.
Meanwhile, Circle's USDC stablecoin maintains $1 peg despite recent banking contagion and widespread fear in the banking sector.
An executive vote is required before the change is deployed to the DAI protocol.
The scam attempts to capitalize on USDC's post-depeg recovery.
“Trust, safety, and 1:1 redeemability of all USDC in circulation is of paramount importance to Circle," CEO Jeremey Allaire said.
Tether USDT's supply has grown by 10% in the current year while USDC, BUSD, and DAI supplies shrank.