Tether mints 1 billion USDT as stablecoin market cap declines

Tether minted 1 billion USDT today, marking fresh issuance activity after the stablecoin’s market capitalization declined consistently since the start of the year. The move comes as USDT maintains its peg at $1.00. Tether’s actions reflect ongoing demand for the stablecoin despite broader market conditions affecting its total supply.

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