The increasing decentralized finance has produced a mass creation of USDT this year, which includes about $3 billion in August, therefore increasing its market cap to $15 billion.
This year, tether's supply was only $4 billion, but it has risen to over $15 billion in September. Decentralized finance has been the primary reason for the USDT supply surge. A report has shown that USDT average transaction price in a day has surpassed that of PayPal in August as the coin's request continues to increase.
