Tether mints 3 billion USDT on Ethereum and TRON as markets stabilize
Tether mints 2 billion USDT on Ethereum days after issuing 1 billion USDT on TRON.
Most illicit activities involving stablecoins occurred on Ethereum and TRON networks, according to a Bitrace crypto crime report.
Ethereum price hovers at $1,800 as bulls battle the 50-day EMA resistance at $1,860.
TRON price faces increasing downside risks as the RSI indicator slides below the midline at 50.
Tether ramps up its minting activity amid surging demand for stablecoins, often signaling heightened trading and liquidity needs. According to recent reports, the issuer of the leading stablecoin by market capitalization has minted 2 billion USDT on Ethereum and an additional 1 billion USDT on the TRON network.