190 billion USDT: Who is really providing a 'floor' for the market during this round of 'money printing'?
I just noticed that USDT has surpassed 190 billion, and my first reaction was: the depth of this pool has increased.
We in the crypto circle understand that USDT is the 'blood of the crypto world' — whether you're trading coins, arbitraging, or hedging, you can't avoid it. Now the total supply has reached 191 billion, with a circulating market value of 185.6 billion dollars. Behind these numbers is the 'real demand' of the market: either institutions are quietly hoarding stablecoins in anticipation of market conditions, or retail investors are holding onto USDT to hedge against volatility, especially given the recent fluctuations in the crypto market. Holding USDT feels more secure than holding mainstream coins.
But we need to talk about something substantial: as more USDT is printed, is there really no risk? If we look at Tether's reserve proof, it’s basically cash + short-term debt backing it up, unlike those earlier stablecoins with 'air reserves' — this is also the reason it has been able to keep rising.
More importantly, this increase isn’t happening out of nowhere: recently, RWA (real-world assets on-chain) has been gaining traction, and many institutions are using USDT as an 'on-chain settlement tool'; coupled with expectations for a spot ETF, a lot of funds are converting to USDT in anticipation of entering the market. In other words, USDT's size has long become a 'confidence anchor' for the crypto market — its willingness to expand indicates that the market is at least not collapsing, and funds are still pouring in.
Finally, let me say something heartfelt: don't just panic at the sight of 'money printing', pay attention to where this money is going — if in the future USDT flows into mainstream coins or quality altcoins, then the market might really move; if it just sits in wallets, then we still have to endure.
(Comment section question: Are you holding onto USDT to buy the dip or just sitting still?) $FHE
{future}(FHEUSDT)
$XNY
{future}(XNYUSDT)
$币安人生
{future}(币安人生USDT)
