2019-12-21 20:43 |
Another $30M of USDT has just been minted at Tether Treasury. The fresh money will be entering the market shortly. The cryptocurrency market may push further upward with news of another $30M USDT being minted at Tether Treasury. origin »
|
Yet again, we have observed the Tether Treasury minting a significant amount of USDT shortly after the Bitcoin price dropped hard to below $8,000. This time, the Whale Alert (@whale_alert) Twitter account has noted a minting of $30 million in USDT on the TRON blockchain by the Treasury, who then moved it to the Bitfinex […] The post Tether Treasury Mints 30M USDT After Bitcoin Crashes Below $8,000 appeared first on BeInCrypto.
2019-10-24 04:08 | |
|
|
Plaintiffs revive 2019 lawsuit against USDT issuer Tether demanding CTO appears at a deposition on Wednesday. The post Tether Boss Faces Deposition Over Long-Running Lawsuit appeared first on BeInCrypto.
Many noticed that Tether (USDT) seemed to gain some $500M to its market capitalization seemingly out of nowhere on CoinMarketCap yesterday. Bitcoin began to rise just hours after. The market capitalization of Tether (USDT) has been mostly stagnant since August of 2019.
While most of the cryptocurrency market’s attention is usually turned towards Bitcoin — and its market dominance continues to dwarf its competitors — Tether remains an essential cog in the machine.
The number of issued USDT by the Tether Treasury exploded in the first half of 2019. However, it has since stalled alongside Bitcoin’s own price. There was much buzz earlier this year about Tether (USDT) issuances and Bitcoin’s rising price.
Since the beginning of the week, there has been an unusually high number of large Tether (USDT) transfers to cryptocurrency exchanges. With the overall cryptocurrency market witnessing a dramatic recovery last week and still holding strong even now, it appears that several more whales are looking to get in on the action.
The on-chain fundamentals for Tether leave a lot to be desired, with much of USDT being concentrated in just 104 wallets. Daily trading volume for the stablecoin continues to exceed Bitcoin’s.