Tether has increased the circulating supply of its stablecoin USDT to historic highs, with marketcap growth surpassing its previous all-time high achieved in 2022. Despite USDT volumes not yet reaching their peak, positive address growth indicates growing demand. Tether's growing suite of products, such as Tether Gold, may be supporting USDT transactions and contributing to the stablecoin's marketcap growth. While USDT's marketcap growth is not necessarily a sign of an incoming bullish move, it does imply that Tether is preparing for more demand.