Tether minted 1 billion USDT on the Tron network. This event was recorded by blockchain watchers early Tuesday, coinciding with Bitcoin’s attempts to reach new highs.
Large USDT mints typically suggest incoming investments into the crypto market. With over 80 billion USDT in total supply on Tron, the addition may signal heightened trading activity.
Previous large mintings, like the 2 billion USDT in May, often resulted in significant rises in Bitcoin’s price. Traders are closely monitoring the situation for potential price movements.
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