IntoTheBlock recently reported on platform X that Tether has issued over $13 billion worth of USDT since the beginning of November. This marks the fastest issuance rate since 2021. Additionally, data from DefiLlama indicates that the total market capitalization of stablecoins has reached a new all-time high of $193.317 billion.

Over the past week, the market has seen a growth of 1.44%, with USDT holding a dominant market share of 69.56%. This significant increase in Tether's issuance and the overall stablecoin market cap highlights the growing demand and reliance on stablecoins within the cryptocurrency ecosystem..