Tether recently minted 1 billion USDT, indicating robust market liquidity. Additionally, major crypto players like Cumberland and Abraxas Capital obtained substantial USDT amounts, enhancing exchange liquidity ahead of the designated ‘Crypto Week’ starting July 14.
The U.S. House will address crucial stablecoin legislation, with Bo Hines projecting a potential crypto market cap of 15–20 trillion USD if favorable bills are passed. Market participants speculate whether these moves will lead to significant trends or be merely transient.
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