Tether, der größte Stablecoin-Emittent, hat zusätzliche 2 Milliarden US-Dollar in Höhe von USDT auf der Ethereum-Blockchain geprägt, wodurch ein Gesamtangebot auf 160 Milliarden US-Dollar eingebracht wird. Die neuen Münzstätten werden hauptsächlich für die Auffüllung von Bestandsaufnahmen und Blockchain -Swaps verwendet, wobei 1 Milliarde US -Dollar direkt an Binance gesendet wird. Dieser Versorgungsschub wird auf erhöhte Handelsaktivitäten auf dem Kryptomarkt zurückgeführt, insbesondere nach dem neuen Allzeithoch von Bitcoin über 120.000 US-Dollar
Tether mints $2 billion in USDT as supply reaches a record-breaking $160 billion
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Still a fraction to what the US alone would print in a year.
I’ll assume this is good news and there isn’t much to worry about here
are they trying to outpace the dollar? 🫠
Be careful with Tether (USDT) – it’s got some serious issues to consider:
* They’ve never given us a proper, independent audit of their reserves, just „attestations“ that feel a bit like smoke and mirrors. So, whether it’s truly 1:1 backed is still a big question mark.
* Tether’s been fined and investigated by regulators for misleading claims about its backing. Plus, there are growing concerns about its use in illegal activities.
* While they’ve diversified, some of their reserves are in less-than-transparent „risky assets.“ Crucially, there’s no government-backed safety net (like FDIC) if things go south.
* Being a centralized company, Tether can freeze funds and operates without much user oversight. A definite red flag for control and potential mismanagement.
tldr; Tether minted $2 billion USDT on Ethereum, bringing its total market capitalization to a record $160 billion. CEO Paolo Ardoino clarified the minting as inventory for future issuance and swaps, not immediate circulation. $1 billion was sent to Binance, indicating heightened trading activity. Tether has issued $4.4 billion USDT in the past month and maintains full backing, with $127 billion in US Treasury exposure. Ardoino highlighted USDT’s utility in emerging markets as a digital dollar alternative.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Time to start shilling crypto to our family members again. /s
5 billion USDT were minted in the last 30 days.
If that progresses *only* linear, were looking at >60 billion USDT being minted every year.
Jasmy is the way
https://i.redd.it/rky5na6ox9df1.gif