Tether's Massive USDT Minting on Ethereum Raises Market Interest

12/7/2024 2:48:22 AM

According to Spot On Chain, Tether has minted 2 billion USDT on Ethereum six hours ago. Since November 6, a total of 19 billion USDT has been minted on Ethereum and Tron, with significant amounts being directed to various exchanges. Notably, 4 billion USDT was minted in just the past four days. This increased minting activity coincides with fluctuations in the BTC price, suggesting potential market impacts. (Source)

Ethereum Tether TRON BTC USDT

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