2024

Bitcoin

Verge

Coin

<ul class="news-points">
 <li><strong>USDT issuer Tether recently minted stablecoins valued at over $1 billion.</strong></li>
 <li><strong>Tether CEO said the minted tokens replenished the USDT inventory on the Tron Network.</strong></li>
 <li><strong>Tether’s move sparked speculation that Bitcoin would reach $72K soon.</strong></li>
</ul>
<p>Crypto community members have become more bullish about <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" rel="noopener noreferrer nofollow">Bitcoin</a> reaching an all-time high amid the staggering value of stablecoins minted from USDT issuer Tether.</p>
<p>Within the last 24 hours, 1,000,000,000 USDT stablecoin valued at over a billion dollars was minted at Tether Treasury. Whale Alert called attention to this development in a recent post on X.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> 1,000,000,000 <a href="https://twitter.com/hashtag/USDT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#USDT</a> (1,001,555,000 USD) minted at Tether Treasury<a href="https://t.co/iKQJX5o2BP" target="_blank" rel="noopener noreferrer nofollow">https://t.co/iKQJX5o2BP</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1764764496453566619?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 4, 2024</a>
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<p>Whale Alert’s update garnered significant attention, with hundreds of thousands of views within 10 hours of posting. To prevent misunderstandings regarding the purpose of minting one billion USDT, Paolo Ardoino, CEO of Tether, intervened to provide clarification.&nbsp;</p>
<p>Ardoino explained that the minted tokens are intended to replenish the USDt inventory on the Tron Network. Moreover, he <a href="https://x.com/paoloardoino/status/1764765343614959673?s=20" target="_blank" rel="noopener noreferrer nofollow">noted</a> that while the transaction has been authori…</p>
<p>The post <a href="https://coinedition.com/bitcoin-on-verge-of-all-time-high-as-tether-mints-1b-usdt/" rel="noopener noreferrer nofollow">Bitcoin on Verge of All-Time High as Tether Mints 1B USDT</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin on Verge of All-Time High as Tether Mints 1B USDT

Coin Edition

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