If there is one particular token in the cryptocurrency world which sparks the most debate, it has to be Tether’s USDT. Although this is supposed to be a digital representation of the US dollar, there have been numerous concerns over its rapidly increasing supply and the financial assets required to back it. As of right now, the Tether supply is over 2 billion USDT. It’s a remarkable milestone, albeit one that is heavily criticized. Two Billion Tethers are in Circulation It is evident the creation of Tether’s USDT tokens has always been considered rather controversial. Every USDT in circulation represents one US dollar. One
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