Printing 1,000,000,000
#USDT (worth approximately 1,000,004,544
#USD ) by
#Tether Treasury, which is the official wallet managed by Tether Limited.
What Does This Mean?
1. New USDT Printing: Tether has just created (
#mint ) 1 billion USDT tokens on the blockchain (usually on Ethereum, Tron, or other supported networks).
2. Purpose of Printing:
- Typically, Tether prints new USDT to meet market demand (for example, demand from crypto exchanges or institutions).
- This does not necessarily mean that USDT is immediately circulating in the market, as sometimes these tokens are printed first as reserves before being distributed.
3. Market Impact:
- If this USDT enters exchanges (such as
#Binance , OKX, etc.), it could increase liquidity and potentially trigger a rise in crypto asset prices (as many traders use USDT to buy Bitcoin/altcoins). - However, if not absorbed by the market, it could raise concerns about oversupply, impacting confidence in the stability of USDT.
Is This Market Manipulation?
- Some critics often accuse Tether of printing USDT without sufficient backup, but the company claims that every USDT is backed 1:1 with reserves (including cash, securities, etc.).
- The latest audit report from Tether shows reserves more than sufficient, although skepticism remains.