$BTC Crucially, tokens in the Tether Treasury are not immediately considered to be in circulation in the broader market. They are essentially authorized but not yet distributed to exchanges or users. The movement of USDT from the Tether Treasury to exchanges or other wallets is the step that indicates the tokens are entering circulation and becoming available for trading and use.

So, while the minting event itself signals Tether’s readiness to meet demand, the actual impact on market liquidity depends on when and where these tokens are moved from the treasury. Monitoring outflows from the Tether Treasury address provides further clues about where this new supply is heading and its potential market impact.