Tether issued 3 billion USDT over the past week, according to Lookonchain, an on-chain analytics provider that tracks blockchain transactions. The same monitoring data shows that Abraxas Capital received 2.89 billion USDT from Tether Treasury (issuer-controlled reserve wallet) during that period. USDT is a U.S. dollar-pegged stablecoin (crypto token designed to hold a fixed value), and large minting and transfer activity is often watched closely because it can signal fresh liquidity entering crypto markets or internal treasury management by the issuer.