Tether-Backed USAT Stablecoin Surges 540% To $140.9M In April
Tether’s U.S.-focused stablecoin push gained momentum in April as USAT reached 140,850,950 redeemable tokens outstanding, up from 22,050,123 tokens at the end of March. The month-over-month increase works out to nearly 540%, giving the new dollar token one of the sharper early growth curves in the regulated stablecoin market.