Tether’s Recent Minting Boosts Market: Tether minted an impressive 21 billion USDT over the last five weeks primarily on Ethereum. This minting activity correlates with Bitcoin’s price exceeding 100,000 USD, showcasing the connection between USDT expansions and market dynamics.
Liquidity Impact on Exchanges: The freshly minted USDT enhances market liquidity by being directed to exchanges. Currently, Tether’s treasury holds around 615 million USDT available for future market actions, playing a pivotal role in exchange dynamics.
USDT’s Dominance in Stablecoins: With a total of approximately 139.74 billion USDT, its daily turnover exceeds 177 billion USD. Compared to USDC, USDT demonstrates a turnover exceeding 126%, underlining its growing adoption in the cryptocurrency market.