Tether Mints 3B USDT in Past Week
Tether issued 3 billion USDT over the last week, with Abraxas Capital receiving 2.89 billion from Tether Treasury amid crypto market surge.
SourceAnalysis
Tether just minted a massive 3 billion $USDT over the past week, signaling fresh liquidity injection into the crypto ecosystem. Blockchain tracker Lookonchain reports that Abraxas Capital scooped up 2.89 billion $USDT directly from the Tether Treasury, a move that echoes similar issuances in the last six months fueling Bitcoin (BTC) rallies and stablecoin dominance. This USDT minting surge could bolster crypto market liquidity as traders eye Tether Treasury activity for hints on upcoming volatility, especially with trending assets like BTC in play.
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