Tether's Massive USDT Minting on Ethereum Raises Market Interest
12/7/2024 2:48:22 AM
According to Spot On Chain, Tether has minted 2 billion USDT on Ethereum six hours ago. Since November 6, a total of 19 billion USDT has been minted on Ethereum and Tron, with significant amounts being directed to various exchanges. Notably, 4 billion USDT was minted in just the past four days. This increased minting activity coincides with fluctuations in the BTC price, suggesting potential market impacts. (Source)
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