Tether minted 19 billion USDT in a month, causing market concerns

Tether’s minting surge raises concerns: In just one month, Tether’s minting of 19 billion USDT has heightened questions about their reserve adequacy. The crypto community is worried about Tether’s ability to back these massive issuances, especially as transparency issues loom.

Market reaction amid crypto bull RUN: The recent surge of USDT comes during a crypto bull RUN, leading to increased demand for stablecoins. While some see the added liquidity as beneficial, others fear that large issuances without sufficient proof of reserves can destabilize market trust.

Legal issues complicate Tether’s position: Allegations connecting Tether to illegal activities, including drug trafficking, have emerged. Tether’s CTO noted the importance of secure reserves, while a spokesperson highlighted their commitment to transparency and collaboration with law enforcement.