Sep 16, 05:54
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Tether Treasury minted 1B USDT on Ethereum
Related addresses
Total tokens transferred
1B
USDT
Related transactions
Tether Treasury just minted 1B USDT as inventory on Ethereum:
- transaction: 0x553b1ac5de98657cdd013d9593069c1eeb2b44d2c65bc4d65496f80bb859803e
- address: 0x5754284f345afc66a98fbb0a0afe71e0f007b949
Notably, this minting comes just ahead of the expected interest rate cut by FED on September 17 and 18, possibly as liquidity preparation for the market.
Overall, in the past year, the Tether Treasury has issued a total of 35B USDT on both Ethereum and Tron chains, contributing to the rise of the Bitcoin (BTC) price from $26.6K to over $73K in March. After significant USDT mints, the BTC price often experiences an upward trend or stabilization.
Fig 1. Tether Treasury minted 1B USDT on Ethereum just now.
Fig 2. Tether Treasury has minted 35B USDT on both Ethereum and Tron chains in the past year.