USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The current CoinMarketCap ranking is #3, with a live market cap of $71,368,830,318 USD. In the first 12 months we have seen growing interest and Lugano is now definitely on the world map, alongside a handful of other destinations,, Lugano has hosted numerous educational, networking, and outreach events that have drawn people from around the world to learn about and discuss the opportunities presented by blockchain technology and cryptocurrency adoption. Mining is the process that Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions. Step 4: Your account will be created. tether minting tracker. Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Ethereum and TRON are the blockchains with the most USDT supply. It also joined a partnership with the Universit della Svizzera Italiana (USI), University of Applied Sciences and Arts of Southern Switzerland (SUPSI), and Franklin University Switzerland (FUS) to sign a framework agreement to coordinate on current and future activities relating to blockchain., The idea of Plan began with a dream. Upon launch, MXNT will be available on three major blockchains: Ethereum, Polygon and Tron. Since Tether (USDT) is effectively fiat, Tether issues another 1 billion USDT tokens: supply will grow by 200% in 2021. For more information, see here. The data you use just pulls from your monthly 5G 4G LTE amount. The largest cryptocurrency by market cap, bitcoin, has rebounded from its July low of around $29,600, trading at $49,540 as of press time, up 1.8% over the past 24 hours. In theory, 1:1 backing by a reference asset could make a stablecoin value track the value of the peg and not be subject to the radical . The recent price action in Tether left the tokens market capitalization at $71,307,084,933.57. NFT Shiba Inu ($SHIB) 1 ETH To put that in perspective, Tether USDT market capitalization increased by 438.7 percent from January 28, 2020, to the present, while USDC increased by 1,112 percent within the same period. However, because Tether claims that every single USDT is supposed to be backed by one U.S. dollar, the amount of tokens is limited by the companys actual cash reserves. Find and compare awesome blockchain and crypto products and services, Catch up with the latest news from 60 biggest crypto outlets. Tether Minting & Momentum. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Enjoy an encrypted connection with your device to avoid any security vulnerabilities. Brock Pierce is a well-known entrepreneur who has co-founded a number of high-profile projects in the crypto and entertainment industries. Tether (USDT) is a currency that represents the price of US dollars on public blockchains. In 2013, he co-founded a venture capital firm Blockchain Capital, which by 2017 had raised over $80 million in funding. Will News Cantor Fitzgerald Helps Manage Tether's Reserves Keep It Stable? At the time this report was drafted, Tether traded at $1.00 with a daily trading volume of $41.44 billion. Tether - Tether is a stablecoin - a cryptocurrency which is tied 1:1 with the US dollar. A Stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities (such as precious metals or industrial metals), or another cryptocurrency.. Answer (1 of 3): I'd dare say there is a sizable amount of smoke and mirrors going on when talking about USDT. It maintains a peg to the U.S. dollar via its relationship to another crypto asset. var rnd = window.rnd || Math.floor(Math.random()*10e6); Tricks To Get Through To Unemployment Ny 2021, So far this year . Categories . To search for a smart contract on Etherscan, we need the unique ID or address of the smart contract. It will take "multiple years for all of the critics to be convinced, Pike said. 33.99 ETH. Get notified when NFT transaction fees are cheap. The Senate Banking Committee wants answers from stablecoin Stablecoin Tether gets minted on Solana blockchain for the 7 Best Crypto Portfolio Trackers for 2021 (Tried & Tested), Tricks To Get Through To Unemployment Ny 2021. Cryptocurrency Prices Live Crypto Live Charts News Bitcoin Price Live. Tether tokens offer exceptional liquidity on tier one exchanges giving traders the ability to take advantage of arbitrage opportunities in the fastest time possible. Register on Fairspin Now to Get Up to 170 Eth, 140 Free Spins Bonus and 18% Cashback. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. 5. Maintaining that value should be straightforward as every USDT is backed by reserves held by the Tether Treasury. Tether was originally created to use the Bitcoin network as its transport protocolspecifically, the Omni Layerto allow transactions of tokenised traditional currency. There can be a minor deviation of $0.01 or $0.02 at times, although those are usually short-lived. 1-844-268-7055 PRIVACY POLICY. Equipped with the industry leading Rockship RK1808 Processor. BTCs price may be up, but trading volumes havent changed much, noted Acheson. Stablecoins are in for another battering at the hands of the United States policymakers - with the Senate now getting in on the act: a committee chief has expressed "significant concerns" about the "consistency" of the terminology used to audit them. Track upcoming hard forks and latest updates to cryptocurrency clients, like Bitcoin Core and Geth . See details. This technology enables the minting and burning of Tether tokens based on the amount under custody. Crypto casino with 60% in rewards, 5 Bitcoin given away daily! The transformation of value in the digital age. All Tether tokens are pegged at 1-to-1 with a matching fiat currency (e.g., 1 USD = 1 USD) and are backed 100% by Tethers reserves. Tether, issuer of the worlds largest stablecoin, USDT, has started printing again after a roughly two-month halt that sparked investors concerns and speculation. One platform, Hindenburg Research, has also released a program called the Hindenburg Tether Bounty Program, which is offering rewards of up to $1 million for details on Tethers backing. Using a self-regulating mechanism, miners will be minting or destroying tokens to stabilize the Tether network and all USDT in circulation which are backed by an equivalent amount of U.S. dollars. Advanced blockchain and analytics system, Whale Alert, announced that Tether has minted another 1 Billion USDT. With the exception of those low and high prices, Tethers price has generally remained close to $1. This represents the current minimum amount required for a fiat withdrawal or deposit. Past performance is not necessarily an indicator of future results. ping anser putter 85068 value; italian village commission. However, as discussed in this article, the mechanism is more complicated than that, especially in this rather bearish climate we find ourselves in now. 1.010-4742-gcd49d0aca-dirty For more information, visit www.SoFi.com/crypto. ZebPay launches lending platform: How investors can earn returns on holdings Premium The returns offered on the ZebPay Lending Platform will be calculated directly based on the amount of crypto an . Basically they've had to forfeit almost half of their assets up to Mid-2018. The biggest crypto news and ideas of the day. compelling, see: Aside from buying (selling) activity that Tether may or may not be doing, given that USDT has the highest cross-pair quoting Price. Request URI. The inaugural Plan forum was held and hosted in Lugano, which drew over 1,500 attendees. The circulation of Tethers can also be tracked and reported via the protocol. Tether's USDT, the largest stablecoin by circulating supply, has gained some $1 billion in market capitalization as crypto investors flee rival Binance USD (BUSD), which came under regulatory . Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. Note: Please exercise extreme care when . Overall gas fee structure. 5dBi Dual band antenna for a faster and more stable connection. Its reserves will be a key talking point when stablecoins become more regulated and that is a matter of when, not if. It is a defacto fiat currency, with fractional reserves. discord packing lines vendeur in french masculine or feminine streptococcus spp high in stool symptoms jeremy alters berman. You need an account in order to star coins, keep track of your portfolio, set up alerts, vote on coins as well as use all the other advanced features. USDT community up in arms against relentless Tether printing. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Here is a graph showing spiking new Tether issuance before a market (BTC) move from sub $5000 to $12,500: The next graph shows a spike in Tether issuance after the Mar 2020 Covid hiccup, where BTC/USD dropped to $3700 and subsequently regained to the $10,000 mark. Change the wallet network in the MetaMask Application to add this contract. The token tracker page also shows the analytics and historical data. What financial advisors need to know about crypto. Tether is called a stablecoin because it was originally designed to always be worth US$1.00, maintaining $1.00 in reserves for each tether issued. You can find others listed on our crypto exchanges page. Tether (USDT) historic and live price charts from all exchanges. aka swapman. CoinDesk's Editor at Large Christie Harkin and Crypto Markets Analyst Glenn Williams Jr. take a look back at what happened this week for the largest cryptocurrency by market capitalization. But for many, there's still a lot of fear, uncertainty, and doubt (FUD) surrounding Tether's reserves. For more information on digital asset risk see FINRA, SEC, and CFPB public advisories. Tether has minted more than three billion USDT in the past two weeks, most recently minting one billion on the TRON blockchain on Dec 4. Tether, originally called Realcoin, valued each token at $1 to reduce the friction of moving real currency throughout the cryptocurrency ecosystem. It has a circulating supply of 3.1 Billion SLP coins and a total supply of . The simple answer to why Tether mints new supply is that demand for Tether goes up. Other than working on Tether, Craig Sellars has been a member of the Omni Foundation for over six years. Tether supports and empowers growing ventures and innovation as a digital token built on multiple blockchains. News and analysis for the professional investor. Store, send and receive digital tokens pegged to dollars, euros, and offshore Chinese yuan person-to-person, globally, instantly, and securely for a fraction of the cost of any alternative. An anonymous anti-Tether blog post titled "The Bit Short: Inside Crypto's Doomsday Machine" went viral, and CNBC host Jim Cramer told viewers . In June and July, USDTs market cap stagnated around $62 billion despite small fluctuations. The price swings occur when demand for the token changes. From being the first, to the most used, stablecoin, and one of the most traded tokens by volume, Tether tokens have come a long way. To mint $100 worth of LUNA, you must destroy 100 UST. Since Tether tokens are currently available using different transport protocols, when users send Tether tokens to other addresses, they need to carefully check the destination address to confirm they are selecting the correct transport protocol. UA-109208733-1 Cryptocurrency Prices Live 1. Reeve Collins was the CEO of Tether for the first two years of its existence. The token's peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value to the number of USDT in circulation. There is conflicting information on this. This product is Rover verif Tether prints $10 worth of new USDt out of nothing and lends it directly to Sally at 6%. The miner uses Ethereum Blockchain to maintain the stability of the USDT, minting or destroying USDT to keep the stability of the tether network and the tokens in circulation which are backed by an equivalent amount of U.S. dollars, making it a stablecoin with a price pegged to 1 USD. Tethers supply is more than double the supply of USD Coin (USDC), which stands at about $39 billion. It also issues a cryptocurrency tied to the price of gold known as tether gold, whose value is backed by physical gold bars. Tether miner is a long waited revolutionary unique technology that has been established to serve Tether USD mining (often called by its symbol USDT), which is a cryptocurrency that is primarily hosted on the Ethereum blockchain. The Tether platform is fully reserved when the sum of all Tether tokens in circulation is less than or equal to the value of our reserves. Balance [ETH] Active Validators Network History Staked Ether Active Validators 25. Tether supports US dollars (USD), euros, Mexican peso, British Pound Sterling, offshore Chinese yuan, and Gold, with the following Tether tokens, respectively: USD, EUR, MXN, Tether GBP, CNH and XAU. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Take Your Passive Income To A Next Level With Tether Miner! There is no hard-coded limit on the total supply of USDT given the fact that it belongs to a private company, theoretically, its issuance is limited only by Tethers own policies. In fact, USDTs average daily trading volume is often on par or even exceeds that of Bitcoin. The Highest Paying Bitcoin Mining Pool Out There! . In May 2022, Tether announced the launch of MXNT, a new stablecoin backed by the Mexican peso. cart de rvaluation distribution; redresser lame terrasse composite; python imageio imread; flotte belge mots flchs; nettoyer sa terrasse l'eau de javel Prior to that, he had co-founded several successful companies, such as the online ad network Traffic Marketplace, entertainment studio RedLever and gambling website Pala Interactive. Copy request URI Open URI in new tab . It has already been fined $41 million by the CFTC. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. The hub will also host a recreational space for meetups and workshops to further foster education and development. In October, Tether's market cap exceeded $ 70 billion, surpassing Cardano's. Tethers history of lawsuits has also played a part in reducing demand for the crypto asset. Notably, a report from cryptocurrency payments company Triple A revealed that 40% of Mexican companies were interested in adopting cryptocurrencies in one form or the other, with 71% within the segment specifically focused on cryptocurrency usage. Tether tokens are the most widely adopted stablecoins, having pioneered the concept in the digital token space. U.S. Senate Banking Committee chairman Sherrod Brown sent a letter to Tether CEO Jean-Louis van der Velde just over a week ago. 7660 / 0. The latest disclosure could be the reason for the resumption of printing, alongside renewed investor confidence and demand," Sean Rooney, head of research at crypto asset manager Valkyrie Investments, wrote to CoinDesk in an email. . Later that month, the stablecoin hit a market cap of $ 40 billion notification officially. Tron network founder Justin Sun announced that the network would be launching a new decentralized al, Tether mints more coins to break $60 billion market cap. Combining this with other The Senate Banking Committee wants answers from stablecoin USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. There is no known maximum supply for Tethers USDT, as new coins are issued based on user demand and reserves held by Tether. We are seeing increased trading activity across venues that support Tether tokens, a Tether representative said. Solana co-founder Raj Gokal confirmed the news in a tweet. More recent months have seen the company take steps to ensure it does not cross regulators. Tether (USDT) was one of the first cryptocurrencies to peg its market value to a fiat currency. The invention of money made it easier for farmers to trade a bushel of wheat for other necessities of life. Tether, and most stablecoins, have been continuously minting new coins to cope with the growing traders' demand in times of high volatility and uncertainty in the cryptocurrency market. How it works: Clip the durable hardware to your dog's harness and connect the other end to the seat belt lock in your car. And although Keet is still a closed-source project, the companies plan to make it open-source by the end of the year. what happens if i ignore a ccj; Coinlib.io. 0.1%. The goal of this collaboration is to make Lugano a center of excellence for blockchain technologies. We strongly believe that wealth creation shouldn't be for a select few in the world. The SEC has also subpoenaed Circle, and the latter says they will cooperate fully on the matter. Tether USD (USDT.e) Token Tracker on SnowTrace shows the price of the Token $1.0001, total supply 43,963,568.453898, number of holders 79,545 and updated information of the token. Fairspin.io - Swift & Safe. minted at tether treasury meaning. Tether and the City of Lugano are working together to provide additional grants to university students in the coming months., In the 365 days since the launch of Plan , Tether and the City of Lugano have carried out many initiatives with considerable success. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. This is why USDT is so popular on platforms like OKex, Huobi, Binance it helps to bank the unbankable for USD and make for a high-velocity way to settle USD balances 24/7 in the 24/7 market of crypto assets. 100,000 USD and over. Pending Validators. Luganos Plan is a joint initiative between the City of Lugano and Tether to accelerate the use of and leverage bitcoin technology as the foundation to transform the citys financial infrastructure. signin to your dashboard, Select your prefered Node, click on "Get Node" and make the allocated deposit. According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents. Your weekly wrap of Web3 news and trends. Free shipping for many products! This will occur consecutively for every 300-day working period. Provide a stable income to cryptocurrency miners. USDTs unique feature is the fact that its value is guaranteed by Tether to remain pegged to the U.S. dollar. Their main trading pair is USDT. How Ethereum's evolution impacts crypto markets. tether minting tracker. 17175523 ETH. Tether miner uses Ethereum Blockchain to maintain an equilibrium in supply and demand which guarantees the stability of the USDT. Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans! Reminder: Mobile hotspot is limited to 5GB for Unlimited plans. What if there was a city that could lead Europe, and someday, the world, towards total financial democratization and crypto adoption? Its tokens are issued by the Hong Kong company Tether Limited, which in turn is controlled by the owners of Bitfinex. It has a circulating supply volume of 74,063,244,602 USDT coins and a max. In its new attestation published on Aug. 9, Tether provided more details than ever before on the composition of its $62.8 billion of reserves, including its long-questioned reserves of commercial paper (CP) and certificates of deposit (CDs). The Tether Treasury issued around a billion USDT so far last month, causing a huge hysteria among crypto users and . In October 2021, Tether paid a $41 million fine to settle allegations by the U.S. Commodity Futures Trading Commision that it lied about its digital currency being supported by fiat currencies. Nevertheless, the companys actions have also caught the attention of lawmakers. Ethereum is a technology that's home to digital money, global payments, and applications. Tether Limited, the company behind the eponymous coin, can mint as many coins as it wants. -1.56%. Tether tokens exist as digital tokens built on various blockchains including Algorand, Ethereum, EOS, Liquid Network, Omni, Tron, Bitcoin Cashs Standard Ledger Protocol, and Solana. reservefunktion bundesprsident +91-7900646497; nbm.school.sre@gmail.com; fifa 20 origin is not installed crack; haartransplantation niedersachsen; 13.8 s. Hashrate. Gas Fees. (Genesis is a subsidiary of Digital Currency Group, which also owns CoinDesk.). Mining is the process by which networks of specialized computers generate and release new Bitcoin and verify new transactions. This can happen directly with Tether or indirectly through people acquiring more Tether which leads to those directly at the Tether window to mint new supply to satisfy demand. Members. Available in 11 languages, Donate to amazing nonprofits and open-source projects. Tether converts cash into digital currency, to anchor or tether the value to the price of national currencies like the US dollar, the Euro, and the offshore Chinese yuan. Blockfolio's mobile-first design has always been a differentiator. USDT or as it was known at the time, Realcoin was launched in 2014 by Brock Pierce, Reeve Collins and Craig Sellars. The supply of Tether, the leading stablecoin, has grown by over 200% this year. So far this year, Tether has a change of 0.02%. Tether is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS). Tether and the tokens it creates are designed to be stablecoins pegged to real-life assets or commodities to provide stability in value, particularly in volatile markets. Concerns over the backing of the USDT supply have gone back years and invited criticism from both the crypto community and lawmakers. Tp-link Ac750 Wifi Range Extender Reset, Our throughput consensus Masternodes for wealth creation and distribution. Tether tokens are referred to as stablecoins because they offer price stability as they are pegged to a fiat currency. Fresh USDT minting boosting supply of Tether can occur for a number of reasons, both bullish and bearish, for Bitcoin and crypto. There are currently only eight exchanges supported by the app . USDT price is down -0.2% in the last 24 hours. Get daily free spin up to 8.88 BTC. 0.000085 BTC 0.010801 BNB. In May, Tether broke down the reserves for its stablecoin and revealed that just 2.9% were in cash. Each Tether issued into circulation is said to be backed by a one-to-one ratio with the equivalent amount of fiat currency held in a custodial account by Hong Kong-based Tether Limited. It has a circulating supply of 71,359,128,183 USDT coins and the max. Definition. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, Headlines: Top Stories of the Week 02-27-23, The Hole on the FTX Balance Sheet Remains Gaping, Bankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says, With Congress Impotent, Courts Are the Only Option for Fighting SEC Overreach. The Tether price is $1.00, a change of 0.03% over the past 24 hours as of 8:10 p.m. From there, it can use its own currencyand its relationship with Bitfinex, a cryptocurrency exchange . The minting occurred on Dec 4, 2021, in a year that has already . We update our USDT to USD price in real-time. It's open to everyone, wherever you are in the world - all you need is the internet. BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back. The latest development is that Tether treasury minted a whopping 250 million USDT, as seen on Whale Alert, an advanced blockchain tracker and analytic firm. See how you can protect your workers with a Tether Track Fall Arrest System and improve at work safety! The latest moves in crypto markets, in context. Some of the largest businesses in the digital currency ecosystem have integrated Tether tokens. The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies which can be sent between users without a trusted third-party intermediary with the stable value of the US dollar. african american gastroenterologist near me; district 36 lofts; how to turn off scan text on iphone 12 The biggest crypto news and ideas of the day. Tether USDT is suppose to always be just $1, but it's not always the case. In addition, USDT provides a simple way to transact a U.S. dollar equivalent between regions, countries and even continents via blockchain without having to rely on a slow and expensive intermediary, like a bank or a financial services provider. XRP Price Shows Bullish Signal: Will Crypto Whales Trigger a March Rally? higher-freqency indicators, such as BSI (buy/sell imbalance) can provide the local view of momentum. Average Balance. Tether printed two billion dollar-backed tokens last week, a new record for the leading stablecoin project. DCG has no operational input into the selection or duration of CoinDesk content in all its forms. However, I just activated my iPhone SE and the WiFi hotspot works fine. Tether USD (USDT) Token Tracker on CronoScan shows the price of the Token $1.001, total supply 186,756,492.673353, number of holders 39,211 and updated information of the token. Login Page | Registration Page. USDT hit an all-time high value of $1.32 in July 2018. Tether minted three billion USDT in the first week of November, and the latest minting put its circulating supply at roughly 76 billion USDT. FIND OUT MORE. The famously high volatility of the crypto markets means that cryptocurrencies can rise or fall by 10-20% within a single day, making them unreliable as a store of value. Join thousands of crypto companies, analysts, academics, and students which utilize Blockchairs REST API to fetch data and power their projects, Insert TSV-files into your database server and run your analysis Get Full node dumps to speed up your node synchronization, Visualize blockchain data and compare trends across blockchains, Search Ethereum Name Service domain names, Track the performance of your crypto assets portfolio completely anonymously, Get a PDF receipt for either you or your counterpart`s purposes. As of September 2020, there are over 14.4 billion USDT tokens in circulation, which are backed by $14.6 billion in assets, according to Tether. The Tether price is $1.00, a change of 0.03% over the past 24 hours as of 4:22 a.m. Tether printed two billion dollar-backed tokens last week, a new record for the leading stablecoin project. Standard. US DoJ Restricts Sam Bankman-Frieds Smartphone Use as Battle for Robinhood Shares Intensifies, Tether Partners Used Fraudulent Documents to Give Company Access to Bank Accounts, Says Report, Silvergate Discontinues Exchange Network After Second Moodys Downgrade, ConsenSys to Launch zkEVM Testnet as Battle for ZK Supremacy Heats Up, Binance Continues to Battle FUD as US Senators Go After Balance Sheets, Coinbase Moves Into More Stable World of Asset Management with Latest Acquisition, Top 10 Telegram Channels for Crypto Signals in 2023. Alameda Research minting/redeeming Tether, Jan 2021. Hence the Tax on profits may apply. supply volume of 74,063,244,602 USDT alongside $74.3B 24h trading volume. 4382.02 USD / 0.07381 BTC. to the massive move from 10K$ to 35K$ (in this period): We do see a phantom spike in Tether buying around 2020-05-11, with no particular forward momentum. News and analysis for the professional investor. Tether tokens play a pivotal role in the digital token ecosystem and are the most actively traded in terms of 24-hour volume. Online. The chain is linked to an oracle, which monitors the exchange rate of USDT to US dollars. chain with as low as 100 USDT and grow from there. On a grander scale, Lugano placed the first-ever native digital bond based on blockchain technology on the SIX Digital Exchange (SDX), worth 100 million Swiss francs. Tether printer go brrr. This is passive income redefined. Ready for a unique experience? Find many great new & used options and get the best deals for Beautiful N Mint Rare Candy Apple Red Ohlsson and Rice .29 Tether car never run at the best online prices at eBay! Feb Epoch 183562 26. Low power consumption, starting at 10W, about 0.24kWh electricity per day. In order to use it, you must activate 2-factor authentication, which will also add an extra layer of security to your account. consistent buying activity to seem to occur before subsequent momentum. For better or worse Tether (the company) acts Thus, USDT minting has been seen as bullish, akin to the Fed printing money to prop up asset markets. The average trading volume of USDT against solana for the first 22 days in August stood at 386.6 million, up from a July average of 123.4 million and a June average of 290.7 million, according to CryptoCompare. Here is a graph showing spiking new Tether issuance before a market (BTC) move from sub $5000 to $12,500: The next graph shows a spike in Tether issuance after the Mar 2020 Covid hiccup, where BTC/USD dropped to $3700 and

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