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I agree with sbhk, coinmarketcap has been inaccurate for a while. Personally I've been using coingecko.

Of note, the Tether questions have been going on for a long time. In 2017 asked a buddy of mine who used to work for one of the major crypto hedge funds out there and for whatever reason he didn't think it was that big of an issue.

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No comment on the delay in new attestations, but relying on coinmarketcap is not wise. Look at the data on coingecko and you will see not huge one time prints. Yes market cap has increased, but not in these huge one time prints of new USDC: https://twitter.com/lowstrife/status/1396784029886734340?s=20

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founding

If you take the growth rates of these 3 "stablecoins"... USDC + BUSD + USDT ... and extrapolate that out, you get to ridiculous numbers pretty fast. If they keep growing at the rate they have grown over the past 180 days (it's about 0.75% growth per day), and I think they will have to or else the whole system declines, the total for these 3 will be in the neighborhood of $500 billion by the end of the year. That's just these 3. There are others...likely the stablecoin market would be north of $600Bn.

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