Last night, a large amount of USDT was issued on the Ethereum network.
Specifically, 1 billion USDT has just been minted by Tether, despite the market showing signs of a significant decline. This is a noteworthy figure, especially when looking at recent data: a total of 5 billion USDT has been created on the Ethereum network in the past week.
The fact that a large amount of USDT has been minted in recent days may be preparation for major market fluctuations, including sharp declines like we just witnessed. This is a significant move, indicating that Tether is actively preparing supply to meet market demand, especially during unstable times.
Token Name: USDT
Quantity: 1,000,000,000
Network: Ethereum (ETH)
Issuing Organization: Tether
Recent History: 5 billion USDT minted on the ETH network in the past week.
This move from Tether is often seen as a sign of strong demand for stablecoins in the market, particularly in the context of price volatility. Investors and institutions often turn to stablecoins to preserve asset value when the market declines, or to prepare for upcoming large transactions.
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