Tether Mint Fuels Bitcoin Surge, Raises Market Volatility Concerns

A significant Tether (USDT) minting event occurred just before Bitcoin surpassed the $106,000 mark. This timing has sparked attention as similar USDT mints in the past have preceded price volatility across the crypto market. The mint, totaling over $1 billion, brings the total supply of USDT to almost 156 billion Tether. Despite this substantial issuance, Tether’s market share has declined slightly, indicating potential shifting investment trends. However, high trading volume on Tether signifies its central role in digital asset liquidity.