"Tether minted 2 billion USDT on the Ethereum network over three days, executing the issuance across multiple onchain batches from its treasury address. The minting adds to a supply base now near $190 billion."
"Large-scale USDT mints are closely watched because they typically reflect requests from institutional counterparties that need additional dollar-denominated liquidity to support anticipated order flow or collateral requirements."
"A $2 billion mint on Ethereum specifically points toward anticipated activity on Ethereum-native trading venues, decentralized finance protocols, and centralized exchanges that rely on ERC-20 USDT for deposits and withdrawals."
Tether minted 2 billion USDT on the Ethereum network over three days, increasing the total supply to nearly $190 billion. This minting reflects institutional demand for dollar liquidity rather than guaranteed capital inflows. Tether holds 57% of the stablecoin market, with the total stablecoin supply exceeding $320 billion. The minting signals anticipated demand for USDT on Ethereum trading venues and decentralized finance protocols, as newly issued USDT is held by Tether until distributed, indicating expected activity rather than immediate capital injection.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]