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USDT circulation increased by 4.5 billion in November, of which approximately 3 billion were minted on the Tron network

The circulation of USDT increased by 4.5 billion in November. The blockchain intelligence platform Arkham recently confirmed this and pointed out that USDT worth about $3 billion was minted on the Tron network. It is worth noting that the Kraken deposit address (starting with TQef1) minted $2.5 billion in stablecoins during this period.

Data shows that since the beginning of the year, the supply of USDT has increased by about 35%. In addition, according to DeFi Llama data, more than 50% of the total supply of USDT is minted on Tron, while about 41% of the supply is minted on Ethereum. (CryptoSlate)

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