- Digital assets have surged since the November 5th U.S. election, with Bitcoin breaking all-time high records and Dogecoin gaining momentum.
- Tether minted $6 billion USDT since November 7th, bringing its market cap to $124.13 billion, reflecting the bullish market.
- Tether announced a new Wallet Development Kit (WDK) for integrating non-custodial Bitcoin and USDT wallets into various applications, aimed at both humans and digital entities.
Since the November 5th United States election, digital assets have been riding one of the strongest bullish momentums in history. The market-leading cryptocurrency – Bitcoin – broke new all-time highest price records pretty much daily this past week, while other currencies like Dogecoin are also building a lot of momentum.
Meanwhile, Tether is also riding favorable momentum in this bullish market. A recent report from the Twitter profile “WhaleAlert” revealed that Tether minted $6 billion USDT since November 7th.
Tether’s market capitalization now sits at $124.13 billion – the third largest in the digital currency market.
This increase in USDT issuance reflects the strong performance the market has had over the past couple of days. As the main stablecoin in the market, USDT adds liquidity to the market, and this rapid surge in value by nearly all cryptocurrencies means the market is experiencing a period of heightened investor confidence and liquidity.
Tether Wallet Development Kit In the Works
Just recently, the crypto firm announced the development of a toolkit capable of integrating Bitcoin and USDT non-custodial wallets in several applications. Dubbed Wallet Development Kit (WDK) – This kit is aimed at both human users and digital entities, such as AI software.
The WDK is a non-custodial solution, meaning users maintain full control over their assets without relying on third-party custodians. It’s modular and customizable, allowing developers to tailor the wallet features to their specific needs.
This development is yet another step in how Tether plans to promote more USDT adoption among the masses.
