USDT makes bear market comeback with total supply nearing all-time high

Total supply of USDT hit $83.5 billion this week, nearing the all time high of $84.1 billion seen last year.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.It's been a sleepy period for the crypto market, but one player is doing just about as well as it did during the go-go days of the most recent bull cycle.

As for what's behind USDT's rise? According to data provider Kaiko, it doesn't appear to be tied to an increase in trading volumes.

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