USDT Stablecoin March 2021 Report | Tokenview

In March, the issuance of the stablecoin USDT on the Omni, Ethereum, and TRON blockchains decreased by 29.5% compared to February. On the Ethereum mainnet, USDT issuance decreased by 46.7%, while on the TRON mainnet, it increased by 7.5%. There was no issuance on the Omni blockchain during this period. Meanwhile, in terms of on-chain USDT transaction volume, for 7 days in 2021, the transaction volume of USDT on the TRON blockchain has surpassed that on the Ethereum blockchain.

The current circulating supply of USDT is 414.5 billion tokens. In March, 6.7 billion new USDT tokens were minted, with 1,305.4 tokens burned, resulting in a net minting of 6.7 billion tokens. The newly issued USDT was distributed to 5 exchanges, with a total amount of 1.25 billion tokens.

An overview of USDT entering exchanges.

In March, USDT entered a total of 5 exchanges, with the following rankings based on the inflow volume: Bitfinex received 750 million tokens, Nexo received 325 million tokens, Binance received 157 million tokens, Huobi received 12.31 million tokens, and HitBTC received 3.19 million tokens.

Statistics on USDT net issuance channels in March.

In March, the net issuance of USDT totaled 6.7 billion tokens, with 2.4 billion tokens minted on the Ethereum (ETH) blockchain and 4.3 billion tokens minted on the TRON (TRX) blockchain.