#GENIUSActPass
◽Tether pumped a billion dollars of new USDT⚡
Tether printed another billion of its stablecoin USDT a few hours ago
And it's not the first time this has happened... The interesting thing is that in the last two times, the same scenario occurred, and we saw a clear rise in the price of Bitcoin afterward.
Why could such a pump affect the market?
Every time Tether prints a new amount of USDT, it means that a potentially huge liquidity is entering the market, because a lot of this USDT is later spent on buying Bitcoin and other currencies.
This means simply:
Every new USDT = new buying potential in the market ✅
And since the market is sensitive to movement and liquidity, the existence of such large printing sometimes creates an atmosphere of optimism and buying activity, which drives prices up.
Of course, it’s not always that simple, but the market sometimes likes to repeat the same story.
Let’s watch and see if the scenario continues like in the past times ✍🏻
