Almost half a billion USDT minted in past 36 hours as Bitcoin rallies

[sneakyboi]

Almost half a billion USDT minted in past 36 hours as Bitcoin rallies

Of the 450 million new USDT tokens, more than 185 million have been distributed with 126.9 million USDT going to Binance alone.

The Tether (USDT) Treasury has minted almost half a billion new USDT tokens and distributed more than 185 million tokens to exchanges and other addresses in the last 36 hours.

As shown by blockchain tracker Whale Alert, two transactions of 150 million and 300 million USDT tokens were minted on Oct 20 and Oct 21 respectively.

The first 150 million was printed only hours before Paypal’s announcement and the Bitcoin (BTC) price rally that followed.


Learn more about the news here.

[Oxumare]

Tether's operation is not suspicious?
It is also seen that Tether had printed 150 million USDT hours before PayPal's announcement, followed by PayPal's announcement.

[IyemRoker]

This Tether is amazing, printed with ease and has a fresh supply of funds from the original FIAT.
This proves that most investors trust Tether more than any other stable coin.

Here we can also see that investors are very enthusiastic about trading cryptocurrency using Tether to buy various kinds of altcoins.

[Noverteno]

This primarily indicates the rapidly growing cryptocurrency market.  Before the last wave of growth in the price of bitcoin, its capitalization was at about two hundred billion dollars, and now it is 332 billion dollars.  The same goes for potential altcoins.  So this is generally good news.

[Magepai]

In fact, I was aware of this information. Thank you very much for reading your beautiful and informative post.  So I want to ask you a question, the question is whether the price of Bitcoin has actually increased because Bitcoin is like this.

[Magepai]

This primarily indicates the rapidly growing cryptocurrency market.  Before the last wave of growth in the price of bitcoin, its capitalization was at about two hundred billion dollars, and now it is 332 billion dollars.  The same goes for potential altcoins.  So this is generally good news.

In fact, brother, you are right. I haven't understood for a long time why the price of bitcoin is suddenly pumping so much.  I also believe that it seems that the price of Bitcoin has risen so much all of a sudden.

[kent47400]

As I thought because this is the market for stable coins and Tether is preferred over other stable coins because it is tested and available in various markets.
Tether or USDT has its own characteristics because it is very easy to arbitrate and it is certain that USDT is liked by me because it has many blockchains, including BEP20, ERC20, TRC20 and OMNI.