Bitcoin

<ul class="news-points">
 <li><strong>Increased USDT issuance signals growing confidence in the crypto market.</strong></li>
 <li><strong>Tether minted $1 billion in USDT, but clarifies it’s for chain swaps, not circulation.</strong></li>
 <li><strong>Historically, increased USDT supply has correlated with Bitcoin price rises.</strong></li>
</ul>
<p>According to crypto insights provider Matrixport, new USDT issuance has slowed since mid-April but has recently begun to rise again. This uptick, as suggested in a post on X (formerly Twitter), indicates a bullish trend for the cryptocurrency market, with funds potentially shifting from traditional financial markets to crypto.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Matrixport?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Matrixport</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;">Today-Jul 22: Fiat to <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> Inflows Resuming<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f199.png" alt="🆙" class="wp-smiley" style="height: 1em; max-height: 1em;"> – This is Bullish<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f402.png" alt="🐂" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#cryptocurrency</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/USDT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#USDT</a> <a href="https://t.co/tSF0FojkRG" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/tSF0FojkRG</a></p>— Matrixport Official English (@Matrixport_EN) <a href="https://twitter.com/Matrixport_EN/status/1815282397719765122?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 22, 2024</a>
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<p>On July 15th, Whale Alert reported that stablecoin issuer Tether (USDT) <a href="https://x.com/whale_alert/status/1814425263180038632" target="_blank" rel="noopener noreferrer nofollow">minted $1 billion</a> worth of USDT. This move initially sparked speculation of a bull market, but Tether CEO Paolo Ardoino clarified that the USDT was created as inventory for chain swaps, not for immediate circulation.</p>
<p>Nonetheless, the issuance of USDT often signals a “risk-on” attitude among investors, who favor riskier assets like…</p>
<p>The post <a href="https://coinedition.com/usdt-supply-increase-and-bitcoin-price-is-there-a-correlation/" rel="noopener noreferrer nofollow">USDT Supply Increase and Bitcoin Price: Is There a Correlation?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

USDT Supply Increase and Bitcoin Price: Is There a Correlation?

Coin Edition

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