Stablecoin Issuers Take a Break: No Printing of USDT, USDC, BUSD, and TUSD in December
• Tether’s USDT and Circle’s USDC were last printed in May and June respectively.
• Data from the ‚Stablecoin Printer‘ shows that USDT, USDC, BUSD, and TUSD have not been printed during the last month of 2022.
• The two-largest stablecoins by market cap have not been printed for the past several months.
The crypto economy has been largely dependent on stablecoins in the past few months. With the ongoing bear market, dollar-pegged coins such as USDT and USDC have seen a massive surge in market capitalization. As such, top stablecoin issuers seemed to take a break from printing in December, as the market saw a great deal of volatility and increased scrutiny.
According to data from the ‚Stablecoin Printer,‘ USDT, USDC, BUSD, and TUSD were not printed in December 2022. This is a significant development, since these four major stablecoins are the two-largest stablecoins by market cap. Tether’s USDT and Circle’s USDC were last printed in May and June respectively. This indicates that the stablecoin issuers have decided to take a pause from printing new coins.
The printing of stablecoins is an essential part of the crypto ecosystem, as it helps to provide liquidity and stability to the market. Without the printing of coins, the market can become illiquid and volatile. Moreover, the lack of new coins can suppress the demand for the existing coins, which can lead to a decrease in their market value.
It is unclear why the stablecoin issuers have chosen to take a break from printing in December. It could be due to the increased scrutiny of the crypto market, or it could be an attempt to maintain a level of stability in the market. Whatever the reason, the lack of new coins could have an impact on the crypto market, and it remains to be seen how the situation will evolve in the coming months.