The stablecoin market has surged to $181 billion, marking a 3% increase over the past week, driven by Bitcoin and the broader crypto market’s historic rally. Just one month ago, the market was valued at $172 billion, reflecting a demand for approximately $9 billion in stablecoins over the last 30 days. This trend aligns with a consistent uptrend in stablecoin minting.
Just a day ago, Tether (USDT), the largest stablecoin issuer, minted an additional $1 billion USDT, following a $2 billion issuance three days prior. In total, Tether has minted $7 billion USDT since November 6.
Tether’s most recent USDT minting | Source Whale Alert
This influx of USDT has fueled renewed interest in the crypto market, supporting the ongoing bull run. Bitcoin, for example, recently reached a new all-time high of $93,500, having rallied roughly 40% in the last two weeks from $66,800. The leading cryptocurrency has been setting new peak values almost daily, intensifying since Donald Trump’s U.S. presidential election this month.
As Bitcoin hovers above $90,000, the pathway to the highly anticipated $100K milestone appears more attainable than ever.
Meme Coin Bull Run Frenzy Amid Tether’s $7B Printer
Alongside Bitcoin’s rally, several altcoins—particularly meme coins—have experienced historic price growth. A notable example is Dogecoin (DOGE), which has surged by over 342% in recent days, rising from $0.112 to over $0.43—a level not seen since June 2021.
Similarly, PEPE has seen comparable price movements in recent days. Today, PEPE secured a new all-time high of $0.00002524 after rallying by 227% from its low of $0.00000771 earlier this month.
Meanwhile, the PNUT token has seen an even more extraordinary price surge. PNUT has moved from $0.0521 to $1.82 this month, marking an upside of 3,338%. It’s worth noting that a major factor driving the price of PEPE and PNUT is that both assets secured major listings from prominent crypto exchanges earlier this week.
Furthermore, with the influx of $7 billion in stablecoins boosting purchasing power in the crypto market, Minotaurus (MTAUR), which is currently in its presale phase, is seeing increasing demand for its MTAUR tokens.
Minotaurus (MTAUR) Seeing Explosive Demand Amid Tether’s USDT Minting Frenzy
For the uninitiated, Minotaurus is a blockchain-based maze-navigation game where players control Minotaurs to battle creatures, collect currency, and discover treasures. The native MTAUR token facilitates in-game purchases, character customization, and access to special features.
Built on the Binance Smart Chain for low fees and high speed, Minotaurus has passed security audits and offers players unique Minotaur abilities, inventory items, and consumables to enhance gameplay.
Given its crucial utility, market participants are acquiring MTAUR en masse, positioning themselves for explosive results similar to those seen with Dogecoin, PEPE, and PNUT as the crypto market bull run progresses.
Crypto analyst Danjo on YouTube recently highlighted the MTAUR token. In his opinion, MTAUR is poised to exceed the success of these meme coins due to its utility in the $19 billion casual gaming market. According to him, the ongoing bull market rally will likely spark FOMO acquisition like never before.
Crypto enthusiasts can join the Minotaurus (MTAUR) presale via these official links:
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