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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/tether-issues-1-billion-usdt-causing-market-concerns/" data-wpel-link="internal">Tether Issues 1 Billion USDT Causing Market Concerns</a><br></p>
<p style="text-align: justify">A development that worried me today occurred in the <a href="https://en.coin-turk.com/investors-navigate-complex-crypto-markets-as-bull-run-continues/" data-wpel-link="internal">cryptocurrency market</a>. <strong>Tether</strong> announced the issuance of 1 billion USDT. As I feared, the community is also concerned. The main reason for the concern is that such issuances often lead to significant drops in Bitcoin prices. However, a statement made after the issuance clarified the matter. Let’s look at the details.</p> 
<h2 style="text-align: justify" id="tether-issued-1-billion-usdt">Tether Issued 1 Billion USDT</h2> 
<p style="text-align: justify">Whale Alert reported the issuance of 1 billion USDT by Tether. The <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> coming after yesterday’s BTC drop has heightened fears. Because it makes the possibility of a deeper decline more likely.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-362752 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/usdt.png" alt="" width="497" height="92"></p> 
<p style="text-align: justify">From an investor’s perspective, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> were already saddened by BTC dropping to $65,000 and altcoins being crushed. On top of this sadness, the issuance of 1 billion USDT by Tether has already caused concerns for tomorrow. What I would say here is that in a market filled with yesterday’s sadness and tomorrow’s worries, it will be difficult to expect anything for today.</p> 
<h2 style="text-align: justify" id="tether-ceo-paolo-ardoino-made-a-statement">Tether CEO Paolo Ardoino Made a Statement</h2> 
<p style="text-align: justify">A statement that could alleviate the sadness and worries came a little while ago from Tether CEO <strong>Paolo Ardoino</strong>.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-362753 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/tether.png" alt="" width="492" height="116"></p> 
<p style="text-align: justify">The statement provided important details about the issued <strong>USDT</strong>. Ardoino’s statement was as follows:</p> 
<blockquote> 
 <p style="text-align: justify">1 billion USDT stock replenishment on the Tron Network. Note that this is an authorized but unregulated transaction, meaning this amount will be used as inventory for future issuance requests and chain swaps.</p> 
</blockquote> 
<h2 style="text-align: justify" id="bitcoin-price-direction-is-a-matter-of-curiosity">Bitcoin Price Direction is a Matter of Curiosity</h2> 
<p style="text-align: justify">Although the statement clarified the issue to some extent, its impact is already a matter of curiosity. Because everyone is focused on the trajectory of the Bitcoin price. At the time of writing, the flagship of cryptocurrencies, Bitcoin, is trading at $66,236.</p> 
<p style="text-align: justify">Cryptocurrency investors will likely continue to watch the price trajectory for a while. Because a certain amount of fear and anxiety continues to dominate the market. What I would say here is that this situation is normal. Because fear and anxiety are the best friends and an indispensable reality of the cryptocurrency market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/tether-issues-1-billion-usdt-causing-market-concerns/" data-wpel-link="internal">Tether Issues 1 Billion USDT Causing Market Concerns</a></h5>

Tether Issues 1 Billion USDT Causing Market Concerns

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