The total crypto market cap is now less than 15% away from its all-time high (ATH). Meanwhile, Tether (USDT), the leading stablecoin, showed signs of potential buying power in May.
These signs include Tether’s continued issuance of new USDT and a significant decline in the USDT Dominance (USDT.D) ratio during May.
USDT Trends Suggest Crypto Bull Run Could Continue
According to data from CoinMarketCap, Tether’s market capitalization has reached a new all-time high, surpassing $151 billion.
Yesterday, Tether injected $1 billion USDT into the market. In total, the company issued $2.5 billion USDT in May alone. Since the beginning of the year, USDT’s market cap has increased by $13 billion, nearly a 10% rise.
