Tether has minted $2 billion USDT on the Ethereum network, igniting speculation about rising market demand and potential institutional activity. The minting, confirmed by on-chain analytics, has captured the attention of traders and analysts. Tether CTO Paolo Ardoino clarified that this move is an inventory replenishment for future issuance.
The timing of this minting has sparked discussions about market sentiment, particularly as Bitcoin and altcoins show signs of recovery. The use of Ethereum underscores the network's significance in stablecoin liquidity and DeFi operations. Market participants are closely watching USDT flows to anticipate the next moves in the crypto market.
Tether Mints $2 Billion USDT on Ethereum, Fuels Market Speculation
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