Tether Mints $1 Billion USDT as Stablecoin Demand Fuels Market Activity

Tether, the company behind the world’s largest stablecoin USDT, has just minted another billion dollars worth of USDT. This action, occurring amidst market volatility and anticipated institutional interest in crypto assets, is likely for inventory replenishment rather than direct market usage. However, it highlights growing demand for USDT and raises questions about its transparency and backing.