Tether Mints $2 Billion in USDT Amid Broader Market Dip

A significant issuance of $2 billion in the stablecoin USDT has been reported, occurring during a downturn in the cryptocurrency market.

USDT

186d ago

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Terms & Concepts

USDT: A widely used stablecoin pegged to the U.S. dollar, designed to maintain a stable value and provide liquidity to the cryptocurrency market.
Minting: The process of creating new cryptocurrency coins or tokens and adding them into circulation, often in response to market demand.