Tether Mints $1 Billion USDT, Igniting Market Speculation Around Bitcoin’s Next Move

On the Tron blockchain, Tether just minted another $1 billion of USDT, according to Lookonchain’s on-chain data. This move involved a transfer of one billion dollars from Tether’s MultiSig Wallet to its Treasury Wallet and another $1 billion from a Black Hole Address to the MultiSig Wallet. 3 weeks after this transaction, market participants are buzzing about the timing of the mint, as it coincided with a significant price surge for Bitcoin following the minting of 2 billion USDT on May 21.