Tether USDt

<ul><li>Tether Treasury has recently minted an additional 2 billion USDT, sparking discussions about a potential cryptocurrency market bull run.</li><li>A crypto whale, identified as &#34;0x1dBb&#34;, has received 61 million USDT from Tether Treasury, with a total accumulation of 1.336 billion USDT.</li><li>Tether&#39;s market cap hits $88 billion, reinforcing stablecoin dominance.</li></ul>According to data from the analytics platform Lookonchain, Tether Treasury has ramped up its minting activities, recently issuing an additional 1 billion USDT. This move is part of a larger pattern, with Tether Treasury having minted a total of 2 billion USDT in a short period, fueling speculations about preparation for a potential bull run in the cryptocurrency market.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c3a43de844244a1f82671f5a9d7c6762.png" />This significant increase in USDT supply is closely linked to the activities of a notable crypto whale, identified by the wallet address &#34;<a href="https://etherscan.io/address/0x1dbbbc3fdb2c4fabd28fd9b84ed99ceb84bfbec5#tokentxns" rel="noopener noreferrer nofollow">0x1dBb</a>&#34;. Following the recent minting, this entity received 61 million USDT and has cumulatively acquired 1.336 billion USDT from Tether Treasury since October 20, 2023. The whale&#39;s strategy of depositing these funds into various exchanges, such as Kraken and Coinbase, is seen as a <a href="https://x.com/chainlinktimo/status/1727605572453671298?s&#61;20" rel="noopener noreferrer nofollow">bullish indicator</a> by market analysts.This pattern of activity echoes a similar event on November 22, when Tether Treasury&#39;s minting of USDT was first reported by Whale Alert. Paolo Ardoino, CTO of Tether, commented on the purpose of these transactions, stating that they were &#34;earmarked to support USDT liquidity&#34; on Tron’s blockchain.Read full article a<a href="https://cryptotale.org/tether-treasury-ups-the-ante-with-2-billion-usdt-minting-fuels-market-speculation/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

Tether Treasury Ups the Ante with 2 Billion USDT Minting, Fuels Market Speculation

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