With Bitcoin halving event on horizon, Tether minting 1 billion USDT more ignites intrigue in crypto sphere
halving event inches closer, Tether, the prominent issuer of USDT, has made a notable move by minting an additional one billion USDT on the Ethereum network. This maneuver by Tether comes at a crucial point, with the Bitcoin halving set to occur in mere hours, now less than 100 blocks away.has sparked widespread interest and speculation within the crypto community, raising questions about its potential impact on the market dynamics leading up to and following the historic Bitcoin halving.
PSA: 1B USDt inventory replenish on Ethereum Network. Note this is an authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.This move by Tether comes amid heightened activity, with USDT's market capitalization already surpassing $109.55 billion, solidifying its position as the third-largest asset on the crypto market.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Merlin Chain Launches MERL: A Major Leap Forward in Bitcoin Layer 2 Solutions
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