#法币支持稳定币市值增长# Looking back at the past, I can't help but feel a surge of emotions. The recent news of Tether issuing an additional 6 billion USDT reminds me of the time when stablecoins were just emerging a few years ago. Back then, the market was full of doubts about fiat-backed stablecoins. Who would have thought that today the Circulating Supply of USDT has already surpassed 157 billion USD?

In just half a year since the beginning of the year, the total Circulating Supply of USDT has increased by 20 billion USD, which is indeed an astonishing growth rate. Looking at the US Treasury bonds held by Tether, the total amount has reached 127 billion USD, an increase of 8 billion compared to the previous quarter. Behind these numbers reflects the vigorous development of the entire cryptocurrency market.

Looking back at the bull market in 2017, the Circulating Supply of USDT was less than 1 billion USD. At that time, we were still debating whether stablecoins could truly achieve a 1:1 peg. Now it seems that the market has provided an answer through its actions.

However, history always repeats itself. When USDT faced a trust crisis back in the day, it also triggered market panic. Although its scale is no longer the same now, we still cannot let our guard down. Transparency and audit issues remain a top priority in the stablecoin space.

Overall, this increase in issuance reflects the strong demand for crypto assets in the market. However, we must also be vigilant and avoid repeating past mistakes by falling into the trap of blind optimism. After all, in this rapidly changing industry, today's giants may also become tomorrow's fallen giants. Let's remain cautious and continue to monitor every development in this industry.