USDT circulating supply

The USDT circulating supply grows as new tokens are minted; it decreases when USDT tokens are redeemed. Unlike other cryptocurrencies, such Bitcoin, there is no limit to how many more USDTs can be created – the number depends on what the market demands.

The USDT market cap has been trending upwards for multiple years now. The Tether (USDT) market cap is closely tied to the amount of USDT tokens in circulation, as the price usually doesn’t see major fluctuations.

Here are some of the most notable USDT circulating supply milestones:

1. 1 million – the supply of USDT first exceeded 1 million in January 2016
2. 10 million – the USDT supply first reached 10 million in January 2017
3. 50 million – the supply of USDT hit 50 million for the first time in March 2017
4. 100 million – the first time that USDT hit a supply of 100 million was in May 2017
5. 500 million – USDT’s circulating supply hit the 500 million milestone in November 2017
6. 1 billion – the first time that USDT reached a circulating supply of 1 billion was in December 2017
7. 10 billion – the USDT supply hit the 10 billion milestone for the first time in June 2020
8. 50 billion – USDT first reached a supply of 50 billion in April 2021