Tether Company Minted 3 Billion USDT in Two Days!
Tether's issuance of a total of 3 billion USDT over two days has attracted market attention. The following is an analysis from the aspects of reasons and impacts:
Reason for New Issuance: Increased Market Trading Demand: If the cryptocurrency market is in an upward trend or experiencing significant volatility, trading activity will increase. Investors will need more stablecoins for trading, hedging risks, or participating in financial activities. Tether's issuance of USDT is to meet this demand and maintain stable market operations.
Demand in the Ethereum Ecosystem: The Ethereum chain has a large DeFi market and numerous cryptocurrency trading applications. Minting USDT on this chain can directly provide sufficient stablecoin support for transactions within the Ethereum ecosystem, meeting the funding needs of various projects within its ecosystem.
