Tether Mints $1 Billion USDT: Market Speculation Ignites

Tether recently minted a significant sum of USDT – $1 billion – fueling speculation within the cryptocurrency market. While no official statement from Tether’s executives has been issued, blockchain explorers indicate this action is reflected in their Ethereum treasury. This substantial issuance represents one of the year’s largest stablecoin issuances and raises questions about its potential impact on trading activity for both Bitcoin and Ethereum.