USDT Issuer Tether Mints 3B USDT in One Week, Crypto Rally Ahead?

Quick Summary:

Tether stablecoin issuer has added 3 billion USDT to its circulating supply in just one week.

The addition of new tokens has raised concerns among traders and analysts about its effect on the cryptocurrency market.

Crypto analyst Ali Martinez said it resembled a central bank for the crypto space, with such moves frequently taking place before substantial market volatility.

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: India

Topics: Stablecoins Tether USDT Stablecoin News 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 15:01:15 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22196279

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 30 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #59

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