Tether Mints $1 Billion in USDT, Pushing Market Cap Above $110B

CoinMarketCap05-18

This might be the much-needed catalyst for Bitcoin’s next climb to new all-time highs. An additional $1 billion worth of USDT was minted by Tether’s Treasury in the last 24 hours. The biggest ...

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An additional $1 billion worth of USDT was minted by Tether’s Treasury in the last 24 hours. The biggest","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4519":"光伏太阳能","SOL":"EMEREN GROUP","BK4129":"建筑与工程"},"translate_title":"泰达币在USDT铸造10亿美元，市值超过1100亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOL":1},"content_text":"This might be the much-needed catalyst for Bitcoin’s next climb to new all-time highs.\nAn additional $1 billion worth of USDT was minted by Tether’s Treasury in the last 24 hours.\n\nThe biggest stablecoin in the world, Tether (USDT), has minted yet another $1 billion worth of USDT, putting its market cap beyond $110 billion. This might be the much-needed catalyst for Bitcoin’s next climb to new all-time highs.\nAn additional $1 billion worth of USDT was minted by Tether’s Treasury in the last 24 hours, bringing the total amount of USDT minted this year to $31 billion. Earlier, the price of Bitcoin surged from $27,000 to $73,000, in large part because of the newly created USDT, as stated in a post by Lookonchain on May 17.\nDiversified Portfolio\nTether has pledged to diversify its stablecoin’s backing assets by investing 15% of its net earnings into Bitcoin, which might directly help in Bitcoin’s surge.\nAccording to Bitinfocharts, Tether became the seventh-largest Bitcoin holder in the world on March 31 after acquiring 8,888 Bitcoin worth $618 million. 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