Tether Unleashes $1 Billion In New USDT As Crypto Market Recovers
Tether minted 1 billion in USDT on Wednesday, a move that market watchers say added fresh liquidity to crypto markets already moving higher.
Based on reports, the total crypto market cap bounced from an intraday low near $3.80 trillion to about $3.90 trillion on the same day, while Bitcoin traded around $112,300 and Ether reclaimed levels near $4,600.
The minting stood out because it often signals ready cash that can be deployed quickly into exchanges and trading desks.
Tether Minting Sparks Liquidity Flows
New USDT issuance is frequently used to fund purchases, and the 1 billion issuance was flagged by on-chain trackers as a likely source of fresh buying power.
Santiment and other trackers show that the number of addresses holding at…
