One billion dollars of Tether (USDT) has just been minted. This massive minting, which was detected by Whale Alert, occurred on the Tron network early Monday. Its value was just over $1,000,799,999 of USDT. This is not a small amount - especially when it happens at a time when Bitcoin (BTC) reaches $106,000 after a volatile weekend.
It seems that the timing of this event was chosen for a reason. Bitcoin was already showing signs of recovery after its sharp decline earlier this week, but the new influx of liquidity from stablecoins may be just the spark it needed.
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In fact, Bitcoin bounced directly from the $105,000 area and rose to around $106,600 shortly after the minting reached the blockchain.
What makes this matter even more interesting is that Tether's market dominance has not increased - in fact, it has slightly decreased to 4.73%, indicating that the market may be transitioning from stablecoins to higher-risk investments like Bitcoin or Ethereum.
This kind of change usually means that new money is entering the market, intending to invest it immediately.
The total supply of Tether is now nearly 156 billion USDT, with a daily trading volume exceeding 55 billion dollars. It is unclear whether this billion will give Bitcoin another boost or remain as "dry powder", but one thing is certain - the market has become much more liquid.
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